Shyft Network (SHFT) price, chart, coin profile and news
Find the latest Shyft Network (SHFT) price, coin profile, news and history to get you started with Shyft Network trading and investing.
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What is Shyft Network?
The Shyft Network is an open-source decentralised blockchain protocol that was developed for the validation of identity-based and blockchain-based data. Developed as a multi-layered layer-1 blockchain, the Shyft Network implements patented security features to offer individuals and businesses the opportunity to store digital identities, complete AML and KYC compliance, and maintain the correct regulation.
According to the project’s website, the Shyft Network aims to maintain security, centralisation, and privacy at the user level. One of the protocol’s key products is called Veriscope, otherwise known as a Verified Shyft Compliant Optimized Participant Exchange. The product helps individuals and businesses abide by the Financial Action Task Force (FATF) Travel Rule, which was issued to and enforced by traditional financial institutions. The FATF Travel Rule states that identity information between exchanges needs to be sent alongside cryptocurrency transfers to ensure all transactions are AML and KYC compliant. By using Veriscope - a discovery and coordination layer - exchanges are able to find out all of the necessary information required by regulators.
SHFT is the native cryptocurrency of the Shyft Network. The token is primarily used as the fuel to power the Shift Network ecosystem and can be used to pay for a variety of different services. The token is required for all data identity and data transmissions and also allows all token holders to vote on the future development of the network.
Shyft Network (SHFT) is the 986th largest cryptocurrency in the world by market cap, valued at $8,318,798. The current price of Shyft Network is $0.0505149645, which is 25.391% higher than yesterday. Prices have ranged between $0.0507660868 and $0.0396544577 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 11:05 UTC.
Shyft Network (SHFT) priceUse our graph to track the performance of (SHFT) over time.
Shyft Network at a glance
|Total SHFT supply||322,982,495|
|All time high date||March 28, 2021|
Shyft Network price performance over time
Shyft-network-2 in the news
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Disclaimer: Cryptocurrencies, including Shyft Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SHFT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Shyft Network or any other cryptocurrency discussed.
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