SHIFT: IPFS Storage & Decentralized Web Blockchain Internet?
It is not easy to find excellent investments in 2018. Sure, Bitcoin is a great asset and you will be able to get an amazing profit by using it, but your portfolio simply cannot have one single investment if you really want to be a successful and professional investor. Because of this, you need to know the market very well to determine the best results that you can find.
Our blog can help you with this hard task. We review many start-up companies in the blockchain and cryptocurrency industry to help you decide which ones are really worthy of your money. If you want to invest well, you have to be prepared and well informed, right? Today we are going to review a new company called Shift.
What is Shift?
Shift is open-source blockchain application platform. Basically, you can use Shift to build decentralized new apps. The company created Phantom, a decentralized hosting app, to demonstrate the capacities of this new system. The idea is to create a set of tools to popularize the use of blockchain technology to make new apps and disrupt the industry.
The company believes that Shift will be the first next-gen blockchain with a technology superior to many of the other blockchains which are being used right now (like Bitcoin and Ethereum). It will be used to create products which can be adopted by the masses and get really popular.
Shift’s flagship app was designed to disrupt the hosting industry. Basically, Phantom is a dapp (decentralized app) created to host websites through the Shift IPFS cluster instead of using the normal means to host a site. The company believes that a “killer dapp” is everything that a company need to carve its place in the market and really start a revolution in how the market is.
How Does Shift Work?
The company states that every dapp created using Shift will be able to access Shift’s IPFS cluster to store data. They will be able to do that by using the InterPlanetery File System, a P2P hypermedia distribution protocol created by the company specially for this product.
The main flagship of Shift is dapp called Phantom. Phantom works as a user interface for file management which will be used on the IPFS cluster. The dapp will also be able to let the user host and support its sites using it.
It is important to note that Phantom will have its own chain inside the main Shift blockchain. It will be a part of the whole but act independently. This will enable, for example, Phantom to have its own rules and determine its own types of transactions. This will be a double advantage because every project will use the potential of the blockchain but have its own qualities.
How to Invest in Shift?
At the moment, Shift does not have its own cryptocurrency. Because of the wave of vapourware Initial Coin Offerings (ICOs) of 2017, the company decided to wait for a while before it actually started to invest in its own ICO. This was made to give the company more insight about how to conduct business better.
Because of this, there is no date for a possible ICO. Do not worry, though, if you follow our blog, you can be completely sure that we will warn you when this company launches its ICO, so you will have the opportunity to participate in it.
The Shift Verdict
Is Shift the best choice for you? At the moment you cannot invest in this company, but will this be a good investment in the future? Yes, but mainly if you are a developer. Shift does seem to have an excellent technology that will give its users the ability to make their own “killer dapps”, as the company describes.
This means that if you are not a developer, there may be better investments for you. In fact, we have an excellent selection on our blog, so why don’t you browse it for some time?
Because of this, if you are a developer and you got interested in this company, go for it. You will probably achieve a good result by using this technology or by investing in it when the ICO is finally available.