Shift coin is a relatively new cryptocurrency that was introduced in August 2015. Its uniqueness comes from the fact that it is the first alternative cryptocurrency to be based on the Ethereum code. The currency has been doing very well and the credit for this can be attributed to its brilliant team. It is now emerging as a highly successful currency in the cryptocurrency market.
Shift is a P2P marketplace like the other main crypto coins competing for the same space. Users can use the currency and transact freely without the involvement of any third party. Shift activities happen without the presence of any central authority to control its activities.
Transacting with this currency is very easy. You can start trading immediately on signing up. The platform offers an easy and hassle-free signing up process. On signing up you will find people ready to transact and make some coins. The Shift platform also organizes some competitions which allow registered users to win some coins.
You can also add Shift coins to your portfolio through mining. The process of mining shift into your personal wallet is very simple. The SHIFT makes use of an algorithm that’s similar to Ethereum for mining process. Those wishing to solo mine can use the Ethminer for mining the number of coins they want. If you want to solo mine the first step is to open the Go Ethereum Client or Geth folder and run the Geth console.
Once this is done, the software will run a security check by downloading the blockchain data. The next step in the process is generating the wallet address. You can start the Ethminer for solo mining after the wallet is accessed. The cryptocurrency can be used for various transactions like other commonly used digital currencies.
Shift stands apart from others as a marketing platform that offers the highest level of security to the user. It has systems in place that ensures that the privacy of the users is highly protected from hackers who may try to devalue the coins by stealing them or by using other dubious methods.
Shift market is designed to allow the formation of DOA (Decentralized Autonomous that ensures the best level of security. It is a virtual organization on the Blockchain.
SHIFT is currently trading at around $2.59 USD. It has a market cap of $29,828,530. There are 11,501,265 SHIFT coins in circulation.
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