TAKEOVERShift is the first fork of ethereum and was the first to release a GUI wallet.The original Shift developer has admitted to spending the entire premine, but did little to develop the currency itself. After disappearing for several weeks, the original developer reemerged after the second ethereum clone, expanse, exploded in price. He now asks for bounties in advance of any development.
The original developer's highly suspect actions suggest that he can not be trusted with further funds. This thread has been started to keep Shift alive and on a positive development trajectory.
The proposal is as follows:
1. Fork the Shift repositories in case the original developer takes the old ones down in spite (
done).
2. Find a competent development team to adopt the project.
3. Fund this team using community donations to a block chain escrow account that is controlled by community consensus.
4. Lock the block chain by hard checkpoint onto the new development tree, preventing any malicious attempts by the former developer to undermine the currency with bad releases.
5. Attempt to get bittrex to convert to the new development tree. If they refuse, find other exchanges that will use it. This may result in a fork at some point, at which time the most active development tree will likely be adopted by all exchanges.
The new github repository is here:
https://github.com/shift-takeover/Please remember the new development tree has not been adopted yet by any exchange.
Currently, the only thing required of the community is to begin activity in this new thread.
SPECIFICATIONS Mining Algorithm: ethash, Initially Proof-of-Work, later Proof-of-Stake or hybrid PoW-PoS
Target Block Time: 25 seconds
SHIFT NODE SOFTWARE v0.4.0 Download on GitHubWhen downloading the binaries from GitHub make sure to left click and go all the way to the RAW buttonSHIFT GUI WALLET v0.9.3 Download on GitHub When downloading the binaries from GitHub make sure to left click and go all the way to the RAW button MINING Number of SHF mined at minimum: 2 000 000
Estimated number of blocks / day (including uncles): about 3456
Estimated SHF mined / day: 10368
Block reward: 3 SHF
POOLS ECONOMYPremine: 250 000 The premine has been spent. Bounty funds: We will be establishing a block chain smart contract to handle community provided development funds. Spending will be approved by community consensus.
BLOCK EXPLORERCOMING
MISSION SHIFT is based on Ethereum and represents its first fork. This enables smart contracts and a full turing-complete
contract programming language.
SHIFT will offer bounties for individuals that help the network grow by pushing decentralized applications onto the
SHIFT blockchain. Our aim and hope is to make SHIFT a competitively sized network in regards to number of nodes
and dapps.
Next to the internal developments we are looking to actively sponsor and incentivize a continuous and rapid evolution
of the platform via bounties and development funds, provided from the existing premine.
After a minimum of 2 Million SHF mined, holders will have the ability to vote on future means of
distribution, i.e. when and how a switch to a pure PoS or hybrid PoW-PoS system will take place.
EXCHANGES
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