Shyft Network Price
SHFT
How Much is 1 Shyft Network (SHFT)
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Last Updated on Dec 22, 2025 05:57 PM
What is Shyft Network?
About the coin
Shyft Network is a public blockchain protocol that was founded in 2017 in Bridgetown, Barbados. It is designed to aggregate and embed trust and validation into data stored on both public and private ecosystems, as well as permissioned and permissionless networks. The network aims to facilitate bridging across siloed datasets, allowing for the layering of context on top of data, which turns raw data into meaningful information.
Main features
Shyft Network is focused on developing regulatory-compliant tools for Decentralized Finance (DeFi). These tools are intended to bridge the gap for centralized and decentralized organizations, easing their entry into the blockchain space. The network's goal is to aid mainstream financial institutions in venturing into DeFi and participating in a compliant manner. By lowering the risk and exposure to money laundering, Shyft Network could potentially open up the crypto industry to large capital inflows and millions of users from mainstream markets.
How it works
In addition to its DeFi tools, Shyft Network has been developing identity solutions that help centralized and decentralized applications comply with existing regulations. The network has partnered with various entities in the space, notably virtual asset services providers (VASPs) who must comply with the FATF Travel Rule. Veriscope, Shyft Network's proactive approach to regulatory compliance, has been praised for its ability to bring together prominent liquidity providers and accelerate the potential mass adoption of decentralized applications. The core team of Shyft Network is responsible for the technical development of the network architecture, establishment of use cases for the network and the SHFT token, and guiding the vision for network growth and development.
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Tangem supports networks for Shyft Network
- Ethereum
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Shyft Network FAQ
- Shyft Network is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. SHFT is just the shorthand symbol used for market and wallet displays.
- You can buy Shyft Network using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
How to secure Shyft Network with Tangem Wallet?
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