Shift: Major dev update, pricing models, guide on how to move your website on Shift’s web 3.0 Paradigm Follow Oct 9, 2018 · 5 min read

Biweekly update 25th September — 9th October

Development

GitHub metrics

There is also a private GitHub repository.

Developer activity (from coinlib.io)

Development Update 2/2 by Shift Team in Newsletter on Oct 3, 2018:

1. Pricing Models

Direct Transfer Model — in the first model storage users would directly pay storage providers through a transfer of SHIFT between accounts held in their mutual possession. This model requires a ‘decentralized storage marketplace’ where storage users and providers are able to post requests and offers, and subsequently respond to these by transacting SHIFT in order to take them up.

Formula-Driven Model — in the case of the second model, storage users are responsible for purchasing SHIFT and using an integrated lock function to stake a claim to a corresponding number of available bytes of space drawn from the storage cluster’s pool. Here, the value of SHIFT in bytes is determined by a predetermined economic formula. This system frees storage providers from the need to repost offers on a marketplace once they have become a participant in the network, because their storage capacity will be added to the general supply made available to storage users. The system would be designed so that storage providers are rewarded with a proportion of tokens generated concurrently with those produced by each forging delegate. The number of newly released tokens granted as part of this compensation system would need to also be determined by a dynamic economic formula.

Shift’s Locking Mechanism

Shift’s Unlocking Mechanism

2. Blockchain Integration — the latest progress that has been made on blockchain integration:

Rob L. has now completed the required database migrations to add support for tracking swarm statistics and tracking the lock/pin functions. The database code has been written to insert LOCK and UNLOCK, as well as PIN and UNPIN transactions into the memory table (that stores previously requested information), allowing fast lookups of these transactions. Following this, Rob was also able to update the memory accounts table (that stores account information of those who have sent the above transactions) so that it is able to track pending and confirmed lock data. This allows the system to keep a running total of a user’s locked and available balances.

The transaction code now tracks available balances so that it is not possible to perform transactions other than PIN, UNPIN and UNLOCK with an account’s locked balance.

The logic classes for LOCK and PIN transactions are now complete, though they have yet to be hooked up to the module classes.

Locking an available balance credits an account’s locked balance and proportionally increases its quota of total storage bytes. Conversely, unlocking a locked balance will reduce the user’s storage byte allocation based on the ratio of locked SHIFT versus the transaction amount, minus all applicable fees. All requests are paired with SHIFT and bytes, with the value of bytes and SHIFT calculated using the formula of our pricing model.

The constants.js introduces the formula variables so it can be controlled by block height.

The PIN, UNPIN, LOCK and UNLOCK endpoints are all defined.

Things Rob intends to complete in the coming week:

Hook up the logic modules to the endpoints.

Complete the block validation and round averaging of the LOCK transaction.

3. Rescheduled Release of the Decentralized Storage Solution

“We ask you, our community, to endure, with us, just a while longer, the wait between now and the moment we share our game-changing product with the world. Once we have completed the testing of the code, ensuring that the workflow of the software allows functions to operate correctly and the system to maintain its integrity under ideal circumstances, we will be ready to put it into action in an environment to which the masses will have access”.

How create a Website Decentralized on Shift Project — step by step guide on how to move your website to Shift web 3.0.

Social encounters

No updates.

Finance

No updates.

Partnerships and team members

No updates.

Roadmap

July 15: Shift’s roadmap has been updated.

100% completed:

Proof of Concept: New Shift Website

Introductory White Paper (First of Four)

Storage Cluster Optimization

Hydra Decentralized CMS: Pre-Release

Shift Core 6.7.1t

Shift Core 6.7.2t

Shift Core 6.7.3t: Block Reward Division

Shift Core 6.8.0t

Shift Core 6.8.1t: dApp Ready

Decentralized Blockchain Explorer

Shift Core 6.7.1: Emergency Patch

Shift Core 6.8.2t

Shift Core 6.8.2

Fully Stable Sidechain

2018

Phantom API — 40% completed. Q2. Expanded. Priority.

Hydra Decentralized CMS: Alpha Release — 83% completed. Q2.

Shift IPFS Cluster Pin Manager — 20% completed. Q2.

Blockchain Integration with IPFS Cluster — 0% completed. Q3. Priority. New.

Nano Wallet Update v2.0.0–29% completed. Q3.

Cross-Chain Automation — 67% completed. Q3. Priority.

Real Time Cluster Communication — 5% completed. TBD.

New Shift Core: New Consensus Algorithm — 40% completed.

Sidechain Explorer — 15% completed. TBD.

Improved Shift Chain — 33% completed. TBD.

Improved Shift Website — 77% completed. TBD.

Decentralized Cluster Consensus — 5% completed. TBD.

Phantom dApp UI 2.0–46% completed. TBD.

Rumors

@heisenberg (Werner Heisenberg, vice-president / operations manager) in Ryver:

Dear Community,

You may have observed that we recently issued a PIN command, the means by which our platform renders data permanent and uncensorable: https://phoenix-test.shiftnrg.org/ipfs/QmcNgB7KG5ZQHao8nLbpbEZX9kgahWUbi65r34FHiBuVnG.

Test were carried out to make sure Shift delivered what is stated in their new report above.

Social media activity

Social media activity

Telegram — Discussion about updates, voting, marketing and coding.

Facebook (since March 2016) — announcements, 10–30 likes, 1–2 shares.

Twitter (since February 2016) — Average number of retweets is 25–50 for one post (tweet about new decentralized website got 351 retweet, 31 December, 2017).

Ryver — discussion on voting, roadmap and bounties.

Reddit — The longest thread in 2018 is about 1 million stolen Shift from the team’s dev fund (it has 29 comments).

Information from Cryptocompare.com

Bitcointalk.org — 6147 posts. Last post — on October 04, 2018: FAQs, Phantom, latest news, translation of the whitepaper, videos, exchanges etc.