Shyft Network Price

Shyft Network is a public blockchain protocol designed to aggregate and embed trust and authentication into data stored across various ecosystems and networks. The SHFT token serves multiple purposes within the Shyft Network: 1. Security and operations: SHFT is used to pay for network security and operational costs. 2. Data market payments: It facilitates payments across intermediaries involved in the identity system. 3. Incentivization: SHFT incentivizes individuals and businesses to collaborate in adding context to data. 4. Building digital reputation: The token enables the creation of a framework for digital reputation, identity, and credibility. Key statistics for Shyft Network as of 2026-02-02: - Current price: $0.0002599 - 24h change: -2.43% - Market cap: $606.88K - Circulating supply: 2.33B SHFT - Total supply: 2.52B SHFT - All-time high: $6.34 (March 28, 2021) - All-time low: $0.0002186 (April 9, 2025) Shyft Network aims to transform raw data into meaningful information by facilitating bridging across isolated datasets and layering context over data. This approach unlocks new possibilities for digital identity and trust in the blockchain space.

Shyft Network was created on March 23, 2021. The cryptocurrency was launched as part of the Shyft Network, a public blockchain protocol designed to aggregate and embed trust and authentication into data stored across various ecosystems. Since its inception, SHFT has aimed to facilitate the building of digital reputation, identity, and trust frameworks by incentivizing the addition of context to data.

The founders of Shyft Network are Joseph Weinberg and Chris Forrester. They established the project in 2018 with the goal of creating a blockchain protocol that aggregates trust and embeds verification into data across public and private ecosystems. Joseph Weinberg serves as the Chairman and Co-Founder, while Chris Forrester is the Co-Founder and Chief Architect. Both have extensive experience in blockchain technology and financial systems. The SHFT token was officially launched on March 23, 2021 to power the Shyft Network ecosystem, facilitating data market payments and covering operational costs. Since its inception, the project has gained traction in the blockchain industry for its innovative approach to digital identity and compliance solutions.

Shyft Network operates as a decentralized blockchain protocol designed to aggregate trust and authentication into data across public and private ecosystems. The SHFT token serves multiple functions within the network: 1. Security and Operations: SHFT is used to pay for network security and operational costs. 2. Data Market Payments: It facilitates payments between intermediaries involved in the identity systems built on the network. 3. Staking: Network participants can stake SHFT to become validators and help secure the network. 4. Governance: Token holders can participate in network governance decisions. 5. Incentives: SHFT rewards users and businesses for contributing data and context to build digital reputation frameworks. The network aims to bridge isolated datasets by layering context over raw data, transforming it into meaningful information. This enables the creation of robust digital identity, reputation, and trust systems across various applications and industries. With a current price of $0.0002599 and a market cap of $606.88K, Shyft Network has seen -2.43% change in the last 24 hours. The total supply is capped at 2.52B SHFT tokens, with 2.33B SHFT currently in circulation. As the ecosystem grows, the demand for SHFT tokens is expected to increase, potentially driving future value.

Shyft Network utilizes a hybrid blockchain architecture combining public and private networks. Its core components include: 1. Public blockchain: A decentralized ledger for transparent transactions and data storage. 2. Private sidechains: Permissioned networks for sensitive data and compliance requirements. 3. Bridge protocol: Facilitates interoperability between public and private chains. 4. Identity layer: Manages digital identities and credentials across the network. 5. Smart contracts: Automate processes and enable decentralized applications. 6. Consensus mechanism: Proof-of-Stake for energy-efficient block validation. 7. Data marketplace: Allows secure sharing and monetization of verified data. 8. Governance system: On-chain voting for protocol upgrades and parameter changes. This architecture enables Shyft Network to provide a scalable and flexible infrastructure for building trusted data ecosystems and decentralized identity solutions. The SHFT token is used for network security, transaction fees, and incentivizing participation in the ecosystem.

The future and roadmap of Shyft Network look promising. The project aims to enhance its blockchain protocol for trust and data authentication across public and private ecosystems. Key milestones include: 2026: Expanding partnerships and integrations with major DeFi platforms and identity systems. 2027: Launching improved data bridging capabilities to connect isolated datasets more efficiently. 2028: Implementing advanced reputation and identity frameworks leveraging Shyft Network's technology. 2031: Becoming a leading infrastructure for digital identity and data verification in Web3. The SHFT token is expected to play a crucial role in the network's growth, used for security, operations, and data market payments. Price predictions suggest potential increases: 2027: $0.0003131 2031: $0.0004683 2036: -- As Shyft Network continues to develop its technology and expand its ecosystem, it aims to revolutionize how trust and identity are managed in the digital world.