Shyft Network
SHFT
#813
Shyft Network (SHFT) is a token of the public blockchain protocol for aggregation, verification and confirmation of data stored in public, private ecosystems, in authorized and unauthorized networks.
News about Shyft Network
Shyft NetworkSHFT #813
26 Jun 2023, 23:23
Part 1
1/ As we look into the various blockchain usability dimensions and Shyft's role, today we return to the fundamental values. ๐๐ผ
Transparency, user experience, and privacy ๐๐๐
Why do they remain so vital for the industry's prosperity and longevity?
Part 1.Part 1
1/ As we look into the various blockchain usability dimensions and Shyft's role, today we return to the fundamental values. ๐๐ผ
Transparency, user experience, and privacy ๐๐๐
Why do they remain so vital for the industry's prosperity and longevity?
https://twitter.com/shyftnetwork/status/1673338279532417035?s=46&t=gTAcikfDUryW5G0RyTjOJw
Shyft NetworkSHFT #813
16 Jun 2023, 00:07
๐๐๐ซ๐ญ-๐: ๐๐ซ๐๐ฏ๐๐ฅ ๐๐ฎ๐ฅ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐
Continuing #DiscoverShyft from where we left off, now let's explore the obstacles VASPs encounter while complying with the #TravelRule.
Ready? Letโs go!
Shyft Discover ๐ต๏ธโโ๏ธ๐
The most significant challenge is identifying counterparty VASPs and verifying their details.
To combat this, Shyft Discover, the first half of Shyft Veriscope, enables VASPs to auto-detect counterparts using crypto wallet addresses.
๐๐จ๐ฎ๐ง๐ญ๐๐ซ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐๐๐๐ฌ ๐๐ก
In the context of the Travel Rule, a counterparty VASP refers to the recipient entity in a transaction.
For instance, when crypto is sent from Exchange A (originator VASP) to Exchange B, Exchange B is the counterparty VASP.
๐๐ฎ๐ฅ๐ญ๐ข-๐ฎ๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐งฐ๐
Shyft Discover even verifies that VASPs control the wallet addresses they claim to.
Interesting, isn't it? Well, Shyft Discover's utility doesn't stop there.
From Identification to Decision-Making ๐๐ฏ
Shyft Discover allows #VASPs to identify counterparties at a legal entity/jurisdiction level and decide which parties they're willing to share data with.
Consider it a #decentralized, verified directory for VASPs.
Whatโs Next? ๐๐
After successfully completing #VASP discovery and verification with Shyft Discover, the next step is to securely share user data to comply with the #TravelRule.
This is where Veriscope Share, the other half of Shyft Veriscope, comes into the picture.
๐๐๐ซ๐ญ-๐: ๐๐ซ๐๐ฏ๐๐ฅ ๐๐ฎ๐ฅ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ.๐๐๐ซ๐ญ-๐: ๐๐ซ๐๐ฏ๐๐ฅ ๐๐ฎ๐ฅ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐
Continuing #DiscoverShyft from where we left off, now let's explore the obstacles VASPs encounter while complying with the #TravelRule.
Ready? Letโs go!
Shyft Discover ๐ต๏ธโโ๏ธ๐
The most significant challenge is identifying counterparty VASPs and verifying their details.
To combat this, Shyft Discover, the first half of Shyft Veriscope, enables VASPs to auto-detect counterparts using crypto wallet addresses.
๐๐จ๐ฎ๐ง๐ญ๐๐ซ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐๐๐๐ฌ ๐๐ก
In the context of the Travel Rule, a counterparty VASP refers to the recipient entity in a transaction.
For instance, when crypto is sent from Exchange A (originator VASP) to Exchange B, Exchange B is the counterparty VASP.
๐๐ฎ๐ฅ๐ญ๐ข-๐ฎ๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐งฐ๐
Shyft Discover even verifies that VASPs control the wallet addresses they claim to.
Interesting, isn't it? Well, Shyft Discover's utility doesn't stop there.
From Identification to Decision-Making ๐๐ฏ
Shyft Discover allows #VASPs to identify counterparties at a legal entity/jurisdiction level and decide which parties they're willing to share data with.
Consider it a #decentralized, verified directory for VASPs.
Whatโs Next? ๐๐
After successfully completing #VASP discovery and verification with Shyft Discover, the next step is to securely share user data to comply with the #TravelRule.
This is where Veriscope Share, the other half of Shyft Veriscope, comes into the picture.
https://twitter.com/shyftnetwork/status/1669428636691185664?s=46&t=VEFjNFp60YU1wOKasoQ2_w
Shyft NetworkSHFT #813
15 Jun 2023, 18:51
๐๐๐ซ๐ญ-๐: ๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ก๐ฒ๐๐ญ ๐๐๐ซ๐ข๐ฌ๐๐จ๐ฉ๐?
Continuing with our #DiscoverShyft series, we'll delve into Shyft Veriscope today.
Veriscope is here to streamline #TravelRule compliance for VASPs (= #crypto businesses).
Let's dive in!
But What is the FATF Travel Rule?
In 2019, the Financial Action Task Force (#FATF), a global institution combatting illicit financial activities, introduced the FATF #TravelRule.
This was aimed at curbing the use of #cryptocurrencies for unlawful activities.
๐๐ & ๐๐๐
While only a handful of nations have enforced this rule so far, there's been a mounting demand for global cooperation.
Recently, #G7 urged all countries to implement the #crypto Travel Rule urgently.
๐๐ง๐ ๐๐ก๐๐ญ ๐๐จ๐ง๐๐ฅ๐ฎ๐๐๐ฌ ๐๐๐ซ๐ญ ๐.
In part 2, we'll unpack the key challenges VASPs face in complying with the Travel Rule and how Shyft Veriscope addresses these issues.
Stay tuned!
๐๐๐ซ๐ญ-๐: ๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ก๐ฒ๐๐ญ ๐๐๐ซ๐ข๐ฌ๐๐จ๐ฉ๐. Continuing with our #DiscoverShyft series, we'll delve into Shyft Veriscope today.๐๐๐ซ๐ญ-๐: ๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ก๐ฒ๐๐ญ ๐๐๐ซ๐ข๐ฌ๐๐จ๐ฉ๐?
Continuing with our #DiscoverShyft series, we'll delve into Shyft Veriscope today.
Veriscope is here to streamline #TravelRule compliance for VASPs (= #crypto businesses).
Let's dive in!
But What is the FATF Travel Rule?
In 2019, the Financial Action Task Force (#FATF), a global institution combatting illicit financial activities, introduced the FATF #TravelRule.
This was aimed at curbing the use of #cryptocurrencies for unlawful activities.
๐๐ & ๐๐๐
While only a handful of nations have enforced this rule so far, there's been a mounting demand for global cooperation.
Recently, #G7 urged all countries to implement the #crypto Travel Rule urgently.
๐๐ง๐ ๐๐ก๐๐ญ ๐๐จ๐ง๐๐ฅ๐ฎ๐๐๐ฌ ๐๐๐ซ๐ญ ๐.
In part 2, we'll unpack the key challenges VASPs face in complying with the Travel Rule and how Shyft Veriscope addresses these issues.
Stay tuned!
https://twitter.com/shyftnetwork/status/1669391409869094929?s=20
Shyft NetworkSHFT #813
15 Jun 2023, 14:54
๐ข ๐๐ก๐ฒ๐๐ญ ๐๐๐ ๐๐๐๐๐ฌ ๐๐จ๐ฎ! ๐
Shyft DAO is on the lookout for motivated Community Moderators!
Excellent communication skills, proficiency in English + another language, and a passion for fostering positive community spaces are all you need. More details๐๐ผ
๐๐ก๐ฒ๐๐ญ ๐๐๐ ๐๐๐๐๐ฌ ๐๐จ๐ฎ. Shyft DAO is on the lookout for motivated Community Moderators.๐ข ๐๐ก๐ฒ๐๐ญ ๐๐๐ ๐๐๐๐๐ฌ ๐๐จ๐ฎ! ๐
Shyft DAO is on the lookout for motivated Community Moderators!
Excellent communication skills, proficiency in English + another language, and a passion for fostering positive community spaces are all you need. More details๐๐ผ
https://twitter.com/ShyftDAO/status/1669005861480456199?s=20
Shyft NetworkSHFT #813
13 Jun 2023, 12:32
๐๐๐ซ๐ญ-๐: ๐๐จ๐ซ๐ ๐๐ก๐๐ง ๐๐ฎ๐ฌ๐ญ ๐๐๐ง๐๐ ๐ข๐ง๐ ๐๐๐๐ง๐ญ๐ข๐ญ๐ข๐๐ฌ
Shyft Network is about more than just managing identities. It offers control over your own data and has shown its adaptability in solving real-world problems. #DiscoverShyft
Let's take a look. ๐
๐๐ก๐ฒ๐๐ญ ๐๐๐ซ๐ข๐ฌ๐๐จ๐ฉ๐
For instance, Shyft Veriscope, our Travel Rule solution, helps VASPs (= #crypto businesses), such as crypto exchanges, comply with the #FATFTravelRule without impacting user experience & privacy.
Read more here ๐
๐๐๐
๐ข
Shyft Network also helps large liquidity providers to interact with #DeFi while staying in compliance with regulations.
It's a testament to our commitment to bringing security to the DeFi ecosystem, just like Veriscope does for the #TravelRule. ๐
Details below ๐
As we continue to evolve, we're excited to see how Shyft Network and blockchain technology will innovate and improve personal verification in the blockchain world. #TrustinShyft
Stay tuned for more.
๐๐๐ซ๐ญ-๐: ๐๐จ๐ซ๐ ๐๐ก๐๐ง ๐๐ฎ๐ฌ๐ญ ๐๐๐ง๐๐ ๐ข๐ง๐ ๐๐๐๐ง๐ญ๐ข๐ญ๐ข๐๐ฌ. Shyft Network is about more than just managing identities.๐๐๐ซ๐ญ-๐: ๐๐จ๐ซ๐ ๐๐ก๐๐ง ๐๐ฎ๐ฌ๐ญ ๐๐๐ง๐๐ ๐ข๐ง๐ ๐๐๐๐ง๐ญ๐ข๐ญ๐ข๐๐ฌ
Shyft Network is about more than just managing identities. It offers control over your own data and has shown its adaptability in solving real-world problems. #DiscoverShyft
Let's take a look. ๐
๐๐ก๐ฒ๐๐ญ ๐๐๐ซ๐ข๐ฌ๐๐จ๐ฉ๐
For instance, Shyft Veriscope, our Travel Rule solution, helps VASPs (= #crypto businesses), such as crypto exchanges, comply with the #FATFTravelRule without impacting user experience & privacy.
Read more here ๐
https://tinyurl.com/4vt4wc2a
๐๐๐
๐ข
Shyft Network also helps large liquidity providers to interact with #DeFi while staying in compliance with regulations.
It's a testament to our commitment to bringing security to the DeFi ecosystem, just like Veriscope does for the #TravelRule. ๐
Details below ๐
As we continue to evolve, we're excited to see how Shyft Network and blockchain technology will innovate and improve personal verification in the blockchain world.ย #TrustinShyft
Stay tuned for more.
https://twitter.com/shyftnetwork/status/1668596776742338562?s=20
Shyft NetworkSHFT #813
12 Jun 2023, 21:07
Part-2: Reinventing Trust ๐
Continuing from where we left off in part-1, Shyft Network takes Bitcoin's trustless concept further by offering a decentralized way of verifying credentials.
And there are several players in Shyft ecosystem. Let's meet them. ๐๐ค #DiscoverShyft
๐๐๐ญ๐ ๐๐ฐ๐ง๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ญ๐ ๐๐จ๐ฅ๐๐๐ซ๐ฌ
These are individuals like you and me.
We can prove our identity to Trust Anchors, who can then validate our data. ๐๏ธ๐
๐๐ซ๐ฎ๐ฌ๐ญ ๐๐ง๐๐ก๐จ๐ซ๐ฌ
Trusted entities who collect and verify our data, keeping it off-chain.
They can share our validated data with third parties only with our permission. ๐๏ธ๐ #TrustinShyft
๐๐๐ญ๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ๐ฌ & ๐๐๐ฅ๐ข๐๐๐ญ๐จ๐ซ๐ฌ
Data consumers are entities that use our trusted data to provide various services.
Whereas validators keep the system in check by validating transactions and adding them to the #blockchain. ๐โ
๐๐๐ง๐ฒ ๐๐ฌ๐ ๐๐๐ฌ๐๐ฌ
All these elements working together ensure that our digital identities are securely verified and our data privacy is maintained, much like how Veriscope operates. ๐ก๏ธ
However, Shyft Network is more than just managing identities.
Shyft is about providing a reliable, flexible, and adaptable platform for various use cases, which we will discuss in part 3.
Stay tuned! ๐
Part-2: Reinventing Trust.Part-2: Reinventing Trust ๐
Continuing from where we left off in part-1, Shyft Network takes Bitcoin's trustless concept further by offering a decentralized way of verifying credentials.
And there are several players in Shyft ecosystem. Let's meet them. ๐๐ค #DiscoverShyft
๐๐๐ญ๐ ๐๐ฐ๐ง๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ญ๐ ๐๐จ๐ฅ๐๐๐ซ๐ฌ
These are individuals like you and me.
We can prove our identity to Trust Anchors, who can then validate our data. ๐๏ธ๐
๐๐ซ๐ฎ๐ฌ๐ญ ๐๐ง๐๐ก๐จ๐ซ๐ฌ
Trusted entities who collect and verify our data, keeping it off-chain.
They can share our validated data with third parties only with our permission. ๐๏ธ๐ #TrustinShyft
๐๐๐ญ๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ๐ฌ & ๐๐๐ฅ๐ข๐๐๐ญ๐จ๐ซ๐ฌ
Data consumers are entities that use our trusted data to provide various services.
Whereas validators keep the system in check by validating transactions and adding them to the #blockchain. ๐โ
๐๐๐ง๐ฒ ๐๐ฌ๐ ๐๐๐ฌ๐๐ฌ
All these elements working together ensure that our digital identities are securely verified and our data privacy is maintained, much like how Veriscope operates. ๐ก๏ธ
However, Shyft Network is more than just managing identities.
Shyft is about providing a reliable, flexible, and adaptable platform for various use cases, which we will discuss in part 3.
Stay tuned! ๐
https://twitter.com/shyftnetwork/status/1668340117423964160?s=20
Shyft NetworkSHFT #813
12 Jun 2023, 16:35
How is Shyft Network solving the internet's identity problem? ๐ต๏ธโโ๏ธ
Much like our Shyft Veriscope, which helps comply with the #TravelRule, we believe in making digital identity secure and seamless.
To understand that, let's look at the history of identity on the internet.
As the internet evolved, our identity conundrums did too. Each of us has countless usernames & passwords ๐ stored in databases somewhere.
But what happens when these databases are hacked? This happened more often than you'd think in the early days. ๐ป๐#TrustinShyft
๐๐ง๐-๐๐ฅ๐ข๐๐ค ๐๐จ๐ ๐ข๐ง๐ฌ
Then came the era of big corporations offering one-click logins, seemingly solving our login woes. But did it?
Your data could be sold, or worse, you could be banned or restricted without your knowledge. ๐ฎโ๐จ
๐๐ฅ๐ฅ ๐๐ฎ๐ญ ๐๐ง ๐ข๐ฅ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
These corporations offered an illusion of security, but data leaks over the years showed us that no system is completely safe.
So, how do we solve the online identity puzzle? ๐ค
The solution began with the advent of #Bitcoin, which brought the concept of a 'trustless' ecosystem for financial transactions, much like our Veriscope ensuring transparent, secure transactions.
This was the beginning of the revolution that Shyft Network is now advancing. ๐
That concludes part 1 of our thread.
In part 2, we'll be discussing how Shyft Network is driving this revolution forward, taking Bitcoin's trustless concept further by offering a #decentralized way of verifying credentials.
Stay tuned! ๐ก
How is Shyft Network solving the internet's identity problem.How is Shyft Network solving the internet's identity problem? ๐ต๏ธโโ๏ธ
Much like our Shyft Veriscope, which helps comply with the #TravelRule, we believe in making digital identity secure and seamless.
To understand that, let's look at the history of identity on the internet.
As the internet evolved, our identity conundrums did too. Each of us has countless usernames & passwords ๐ stored in databases somewhere.
But what happens when these databases are hacked? This happened more often than you'd think in the early days. ๐ป๐#TrustinShyft
๐๐ง๐-๐๐ฅ๐ข๐๐ค ๐๐จ๐ ๐ข๐ง๐ฌ
Then came the era of big corporations offering one-click logins, seemingly solving our login woes. But did it?
Your data could be sold, or worse, you could be banned or restricted without your knowledge. ๐ฎโ๐จ
๐๐ฅ๐ฅ ๐๐ฎ๐ญ ๐๐ง ๐ข๐ฅ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
These corporations offered an illusion of security, but data leaks over the years showed us that no system is completely safe.
So, how do we solve the online identity puzzle? ๐ค
The solution began with the advent of #Bitcoin, which brought the concept of a 'trustless' ecosystem for financial transactions, much like our Veriscope ensuring transparent, secure transactions.
This was the beginning of the revolution that Shyft Network is now advancing. ๐
That concludes part 1 of our thread.
In part 2, we'll be discussing how Shyft Network is driving this revolution forward, taking Bitcoin's trustless concept further by offering a #decentralized way of verifying credentials.
Stay tuned! ๐ก
https://twitter.com/shyftnetwork/status/1668294878864785409?s=20
Shyft NetworkSHFT #813
08 Jun 2023, 18:01
Curious about what's cooking at Shyft? ๐ค
Our latest Dev Deep Dive spills the beans on our major initiatives: Veriscope Status Checks and User Signing for private, unhosted wallets.
Peek into our roadmap and what's in store for June ๐
Curious about what's cooking at Shyft.Curious about what's cooking at Shyft? ๐ค
Our latest Dev Deep Dive spills the beans on our major initiatives: Veriscope Status Checks and User Signing for private, unhosted wallets.
Peek into our roadmap and what's in store for June ๐
https://tinyurl.com/3jceecvm
Shyft NetworkSHFT #813
08 Jun 2023, 12:15
Use Case #3: Credit Scoring ๐ณ๐
Today, we delve into the third key role of Shyft Network within #DeFi: Revamping Credit Scoring.
And here, we apply the same level of diligence seen in Shyft Veriscope, our Travel Rule compliance solution.
Shyft Network empowers users by leveraging blockchain-stored data rather than traditional credit scores.
This means the scoring is based on up-to-date & reliable information! #DiscoverShyft
We would love to hear your thoughts on Shyft Networkโs use cases in the #DeFi space. #TrustinShyft
Please like, retweet, and comment below! ๐๐๐ฌ
Use Case #3: Credit Scoring. Today, we delve into the third key role of Shyft Network within #DeFi: Revamping Credit Scoring.Use Case #3: Credit Scoring ๐ณ๐
Today, we delve into the third key role of Shyft Network within #DeFi: Revamping Credit Scoring.
And here, we apply the same level of diligence seen in Shyft Veriscope, our Travel Rule compliance solution.
Shyft Network empowers users by leveraging blockchain-stored data rather than traditional credit scores.
This means the scoring is based on up-to-date & reliable information! #DiscoverShyft
We would love to hear your thoughts on Shyft Networkโs use cases in the #DeFi space. #TrustinShyft
Please like, retweet, and comment below! ๐๐๐ฌ
https://twitter.com/shyftnetwork/status/1666573428030164993?s=20
Shyft NetworkSHFT #813
07 Jun 2023, 19:38
๐๐๐
๐ข ๐๐ฌ๐ ๐๐๐ฌ๐ #๐: ๐๐ง๐ฌ๐ฎ๐ซ๐ข๐ง๐ ๐๐๐๐ ๐๐ฌ๐ฌ๐๐ญ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง :star::moneybag:
Next on our #DeFi journey, let's look at how we ensure safety in Asset Creation, just as Shyft Veriscope guarantees frictionless Travel Rule compliance. #DiscoverShyft
๐๐๐
๐ข ๐๐ฎ๐๐ซ๐๐ข๐๐ง๐ฌ ๐ก๏ธ
In DeFi, we act as gatekeepers. We permit only verified users to participate, ensuring every created asset is secure and compliant.
Shyft Veriscope, in the same vein, ensures Travel Rule compliance in the wider crypto world.
Safety Shield ๐ก๏ธ
Just as we block suspicious activities in DeFi, Veriscope ensures safety in the crypto world by addressing Travel Rule compliance.
We're committed to making the crypto universe safer.
Next: Shyft Network's take on Decentralized Credit Scoring in DeFi.
๐๐๐
๐ข ๐๐ฌ๐ ๐๐๐ฌ๐ #๐: ๐๐ง๐ฌ๐ฎ๐ซ๐ข๐ง๐ ๐๐๐๐ ๐๐ฌ๐ฌ๐๐ญ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง :star::moneybag:.๐๐๐
๐ข ๐๐ฌ๐ ๐๐๐ฌ๐ #๐: ๐๐ง๐ฌ๐ฎ๐ซ๐ข๐ง๐ ๐๐๐๐ ๐๐ฌ๐ฌ๐๐ญ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง :star::moneybag:
Next on our #DeFi journey, let's look at how we ensure safety in Asset Creation, just as Shyft Veriscope guarantees frictionless Travel Rule compliance. #DiscoverShyft
๐๐๐
๐ข ๐๐ฎ๐๐ซ๐๐ข๐๐ง๐ฌ ๐ก๏ธ
In DeFi, we act as gatekeepers. We permit only verified users to participate, ensuring every created asset is secure and compliant.
Shyft Veriscope, in the same vein, ensures Travel Rule compliance in the wider crypto world.
Safety Shield ๐ก๏ธ
Just as we block suspicious activities in DeFi, Veriscope ensures safety in the crypto world by addressing Travel Rule compliance.
We're committed to making the crypto universe safer.
Next: Shyft Network's take on Decentralized Credit Scoring in DeFi.
https://twitter.com/shyftnetwork/status/1666528248669274112?s=20
Shyft NetworkSHFT #813
07 Jun 2023, 17:07
๐๐๐
๐ข ๐๐ฌ๐ ๐๐๐ฌ๐ #๐
Join us as we dive into how Shyft Network boosts safety in #DeFi, beginning with Identity Verification.
We take privacy seriously, much like our Shyft Veriscope, which helps #crypto businesses comply with the Travel Rule. #DiscoverShyft
๐๐ฉ๐ญ-๐ข๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ
Shyft acts like your cosmic data traffic controller.
We only move your crucial info when you say so, providing a secure pathway like Veriscope does for VASPs (crypto businesses) under the Travel Rule.:vertical_traffic_light:
๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ซ๐ฎ๐ฌ๐ญ ๐
We are your safety net in #DeFi.
By checking and confirming user and transaction details, we provide a trusted stamp of approval. This frictionless process keeps the #userexperience smooth. #TrustinShyft
๐๐๐๐ ๐๐ซ๐๐ง๐ฌ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐ค
Transactions with Shyft are as easy as deals between friends, no third person needed.
Just like how Veriscope ensures secure and rule-abiding transactions, Shyft brings that same trust to DeFi.
๐๐ก๐๐ญ'๐ฌ ๐ง๐๐ฑ๐ญ? ๐
Stay tuned! Next, we'll be talking about how Shyft makes digital assets and pools safe and compliant. ๐
๐๐๐
๐ข ๐๐ฌ๐ ๐๐๐ฌ๐ #๐. Join us as we dive into how Shyft Network boosts safety in #DeFi, beginning with Identity Verification.๐๐๐
๐ข ๐๐ฌ๐ ๐๐๐ฌ๐ #๐
Join us as we dive into how Shyft Network boosts safety in #DeFi, beginning with Identity Verification.
We take privacy seriously, much like our Shyft Veriscope, which helps #crypto businesses comply with the Travel Rule. #DiscoverShyft
๐๐ฉ๐ญ-๐ข๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ
Shyft acts like your cosmic data traffic controller.
We only move your crucial info when you say so, providing a secure pathway like Veriscope does for VASPs (crypto businesses) under the Travel Rule.:vertical_traffic_light:
๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐ ๐๐ซ๐ฎ๐ฌ๐ญ ๐
We are your safety net in #DeFi.
By checking and confirming user and transaction details, we provide a trusted stamp of approval. This frictionless process keeps the #userexperience smooth. #TrustinShyft
๐๐๐๐ ๐๐ซ๐๐ง๐ฌ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐ค
Transactions with Shyft are as easy as deals between friends, no third person needed.
Just like how Veriscope ensures secure and rule-abiding transactions, Shyft brings that same trust to DeFi.
๐๐ก๐๐ญ'๐ฌ ๐ง๐๐ฑ๐ญ? ๐
Stay tuned! Next, we'll be talking about how Shyft makes digital assets and pools safe and compliant. ๐
https://twitter.com/shyftnetwork/status/1666490840326234149?s=20
Shyft NetworkSHFT #813
06 Jun 2023, 14:17
https://www.shyft.network/newsroom/veriscope-regulatory-recap-22nd-may-to-4th-june
Shyft NetworkSHFT #813
05 Jun 2023, 20:07
โผ๏ธATTENTIONโผ๏ธSomeone is impersonating Shyft Network and has created a false Discord channel. This is a SCAM and it is NOT a Shyft Network channel. DO NOT sign in, give any details or connect your wallet! The ONLY valid ShyftDAO Discord channel is If you notice any suspicious activity, please notify the community as soon as possible. Stay vigilantโผ๏ธ
ATTENTIONSomeone is impersonating Shyft Network and has created a false Discord channel.โผ๏ธATTENTIONโผ๏ธSomeone is impersonating Shyft Network and has created a false Discord channel. This is a SCAM and it is NOT a Shyft Network channel. DO NOT sign in, give any details or connect your wallet! The ONLY valid ShyftDAO Discord channel is https://discord.com/invite/shyftdao. If you notice any suspicious activity, please notify the community as soon as possible. Stay vigilantโผ๏ธ
Shyft NetworkSHFT #813
05 Jun 2023, 18:46
Use Case #1: KYC/AML Compliance
Today, we're exploring how Shyft is simplifying and strengthening KYC/AML Compliance - these are checks to ensure financial transactions, including #crypto ones, are legal and clean.
An instance of this application is Shyft Veriscope. ๐
๐๐๐๐ฎ๐๐ข๐ง๐ ๐๐จ๐ฌ๐ญ๐ฌ
The current system can be very expensive - some banks are even spending millions on it each year! ๐ฐ
Shyft is working to streamline this process, aiming to save everyone time and money. #DiscoverShyft
๐๐๐๐๐ญ๐ฒ ๐
๐ข๐ซ๐ฌ๐ญ
Safety is our top priority.
With Shyft, we're developing systems to keep your data secure and private while still allowing it to move quickly and easily where it needs to go.
Veriscope, as a use case, demonstrates this commitment. ๐ #TrustInShyft
๐๐จ ๐๐จ๐ซ๐ ๐๐ข๐ฅ๐จ๐ฌ
Information that's locked away in separate places can't help anyone.
Shyft is breaking down these walls, enabling data to flow freely and safely, increasing efficiency and transparency.
๐๐๐๐๐ญ๐ฒ
We've seen data breaches in the news - it's a real risk.
With Shyft, we're offering a more secure way of handling valuable data, protecting both businesses and users.
Veriscope stands as a testament to this mission. ๐
๐๐ก๐จ๐ฎ๐ ๐ก๐ญ๐ฌ?
So, what are your thoughts on Shyft Network's KYC & AML compliance use case?
Like, comment, and retweet to join the conversation. ๐ญ๐ฌ๐
Use Case #1: KYC/AML Compliance.Use Case #1: KYC/AML Compliance
Today, we're exploring how Shyft is simplifying and strengthening KYC/AML Compliance - these are checks to ensure financial transactions, including #crypto ones, are legal and clean.
An instance of this application is Shyft Veriscope. ๐
๐๐๐๐ฎ๐๐ข๐ง๐ ๐๐จ๐ฌ๐ญ๐ฌ
The current system can be very expensive - some banks are even spending millions on it each year! ๐ฐ
Shyft is working to streamline this process, aiming to save everyone time and money. #DiscoverShyft
๐๐๐๐๐ญ๐ฒ ๐
๐ข๐ซ๐ฌ๐ญ
Safety is our top priority.
With Shyft, we're developing systems to keep your data secure and private while still allowing it to move quickly and easily where it needs to go.
Veriscope, as a use case, demonstrates this commitment. ๐ #TrustInShyft
๐๐จ ๐๐จ๐ซ๐ ๐๐ข๐ฅ๐จ๐ฌ
Information that's locked away in separate places can't help anyone.
Shyft is breaking down these walls, enabling data to flow freely and safely, increasing efficiency and transparency.
๐๐๐๐๐ญ๐ฒ
We've seen data breaches in the news - it's a real risk.
With Shyft, we're offering a more secure way of handling valuable data, protecting both businesses and users.
Veriscope stands as a testament to this mission. ๐
๐๐ก๐จ๐ฎ๐ ๐ก๐ญ๐ฌ?
So, what are your thoughts on Shyft Network's KYC & AML compliance use case?
Like, comment, and retweet to join the conversation. ๐ญ๐ฌ๐
https://twitter.com/shyftnetwork/status/1665765756888391682?s=20
Shyft NetworkSHFT #813
03 Jun 2023, 05:42
We have published the Shyft monthly overviewโจ As we wrap up an action-packed May, we take a moment to celebrate our achievements and lessons learned. We also look into some of the new targets for June!
All the details ๐๐ผ
We have published the Shyft monthly overview As we wrap up an action-packed May, we take a moment to celebrate our achievementsWe have published the Shyft monthly overviewโจ As we wrap up an action-packed May, we take a moment to celebrate our achievements and lessons learned. We also look into some of the new targets for June!
All the details ๐๐ผ
https://twitter.com/shyftnetwork/status/1664701122714521601?s=46&t=B5zJRcUwVXpikCCEmrD-vg
Shyft NetworkSHFT #813
31 May 2023, 15:02
We continue the #๐๐ก๐ฒ๐๐ญ๐๐๐ญ๐ฐ๐จ๐ซk ๐๐จ๐ฌ๐ฆ๐ข๐ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ discovering our use-cases ๐ซ
As already cleared: Shyft is changing how data moves & builds connections between #CeFi & #DeFi. And all this is done while keeping your data safe.
Let's #DiscoverShyft ๐
๐๐จ๐ฌ๐ฆ๐ข๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐
Shyft Veriscope is for all #VASPs (crypto businesses) and helps them comply with the #FATF Travel Rule without causing friction for the users. ๐งฐ
No data is stored on a centralized or external system!
More ๐
๐๐๐ฌ๐ฒ ๐๐๐ญ๐ ๐๐จ๐ฏ๐ข๐ง๐ ๐ฆ๐ซ
#ShyftNetwork builds super-fast cosmic lanes that help your data move from #CeFi to #DeFi safely & easily.
Just picture it as moving digital stuff (like your user details) quickly & safely between different places. No hassle!๐๐
Compliant Assets ๐๏ธ๐
We ensure that only verified & trustworthy individuals or organizations create special "Compliant Assets" in DeFi.
Think of these assets like important digital tools - loans, fund pools, etc.
Our goal is to keep everything safe and sound. ๐ก๏ธ๐
๐
๐จ๐ซ ๐ญ๐ก๐ ๐
๐ฎ๐ญ๐ฎ๐ซ๐ ๐
We're creating a new future with Shyft Network - a universe where your data stays safe and transactions across CeFi and DeFi are easy.
Join us on this exciting trip to new frontiers, one creative solution at a time. ๐ #TrustInShyft
๐๐จ๐ฎ๐ซ ๐ญ๐ฎ๐ซ๐ง ๐ค
Now, we'd love to hear your thoughts. Engage with our journey by liking, retweeting, and commenting.
Let's continue this exciting exploration together! ๐๐
We continue the #๐๐ก๐ฒ๐๐ญ๐๐๐ญ๐ฐ๐จ๐ซk ๐๐จ๐ฌ๐ฆ๐ข๐ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ discovering our use-cases.We continue the #๐๐ก๐ฒ๐๐ญ๐๐๐ญ๐ฐ๐จ๐ซk ๐๐จ๐ฌ๐ฆ๐ข๐ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ discovering our use-cases ๐ซ
As already cleared: Shyft is changing how data moves & builds connections between #CeFi & #DeFi. And all this is done while keeping your data safe.
Let's #DiscoverShyft ๐
๐๐จ๐ฌ๐ฆ๐ข๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐
Shyft Veriscope is for all #VASPs (crypto businesses) and helps them comply with the #FATF Travel Rule without causing friction for the users. ๐งฐ
No data is stored on a centralized or external system!
More ๐ https://www.shyft.network/veriscope
๐๐๐ฌ๐ฒ ๐๐๐ญ๐ ๐๐จ๐ฏ๐ข๐ง๐ ๐ฆ๐ซ
#ShyftNetwork builds super-fast cosmic lanes that help your data move from #CeFi to #DeFi safely & easily.
Just picture it as moving digital stuff (like your user details) quickly & safely between different places. No hassle!๐๐
Compliant Assets ๐๏ธ๐
We ensure that only verified & trustworthy individuals or organizations create special "Compliant Assets" in DeFi.
Think of these assets like important digital tools - loans, fund pools, etc.
Our goal is to keep everything safe and sound. ๐ก๏ธ๐
๐
๐จ๐ซ ๐ญ๐ก๐ ๐
๐ฎ๐ญ๐ฎ๐ซ๐ ๐
We're creating a new future with Shyft Network - a universe where your data stays safe and transactions across CeFi and DeFi are easy.
Join us on this exciting trip to new frontiers, one creative solution at a time. ๐ #TrustInShyft
๐๐จ๐ฎ๐ซ ๐ญ๐ฎ๐ซ๐ง ๐ค
Now, we'd love to hear your thoughts. Engage with our journey by liking, retweeting, and commenting.
Let's continue this exciting exploration together! ๐๐
https://twitter.com/shyftnetwork/status/1663870625935441920
Shyft NetworkSHFT #813
26 May 2023, 19:10
https://twitter.com/shyftnetwork/status/1662088932769538048?s=20
Shyft NetworkSHFT #813
24 May 2023, 18:01
๐๐๐ฎ๐ง๐๐ก๐ฉ๐๐ ๐
Welcome to our journey exploring key components of #ShyftNetwork, the stellar passage for data crossing securely the two different worlds - the Centralized and Decentralized one (#CeFi and #DeFi)!
And so we do ๐โจ
Shyft Block Explorer ๐
Just as stars light up the cosmos, every node within the #Shyft universe has the power to guide its course - to be its explorer!
This helps avoid black holes of system failure, creating a safe passage for the assets across the blockchain universe.
๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ง๐ญ๐ซ๐๐๐ญ๐ฌ ๐งฉ
Like cosmic laws, smart contracts used by #ShyftNetwork guide the universe.
These contracts ensure data compliance across blockchain worlds, akin to interstellar travel regulations! ๐ฐ๏ธ
๐๐ก๐ฒ๐๐ญ ๐๐๐๐ ๐ฐ๏ธ
Think of Shyft Safe as a space vault, keeping your assets safe while it travels the #blockchain space.
This smart vault protects your assets from disappearing into black holes of error and system failure.
๐๐ก๐ ๐๐๐
๐ ๐๐จ๐ค๐๐ง ๐
Every spaceship needs fuel, and for #ShyftNetwork, that fuel is #SHFT Tokens!
These tokens help power the movement of data, keeping your journey smooth across the #blockchain cosmos.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง ๐
The #blockchain universe is vast, but #ShyftNetwork is here to support your voyage.
Whether you're a small node or a big player, Shyft makes moving data simple, always making sure it's safe.
Enjoy your travels through the vast blockchain cosmos! #DiscoverShyft
๐๐๐ฎ๐ง๐๐ก๐ฉ๐๐.๐๐๐ฎ๐ง๐๐ก๐ฉ๐๐ ๐
Welcome to our journey exploring key components of #ShyftNetwork, the stellar passage for data crossing securely the two different worlds - the Centralized and Decentralized one (#CeFi and #DeFi)!
And so we do ๐โจ
Shyft Block Explorer ๐
Just as stars light up the cosmos, every node within the #Shyft universe has the power to guide its course - to be its explorer!
This helps avoid black holes of system failure, creating a safe passage for the assets across the blockchain universe.
๐๐ฆ๐๐ซ๐ญ ๐๐จ๐ง๐ญ๐ซ๐๐๐ญ๐ฌ ๐งฉ
Like cosmic laws, smart contracts used by #ShyftNetwork guide the universe.
These contracts ensure data compliance across blockchain worlds, akin to interstellar travel regulations! ๐ฐ๏ธ
๐๐ก๐ฒ๐๐ญ ๐๐๐๐ ๐ฐ๏ธ
Think of Shyft Safe as a space vault, keeping your assets safe while it travels the #blockchain space.
This smart vault protects your assets from disappearing into black holes of error and system failure.
๐๐ก๐ ๐๐๐
๐ ๐๐จ๐ค๐๐ง ๐
Every spaceship needs fuel, and for #ShyftNetwork, that fuel is #SHFT Tokens!
These tokens help power the movement of data, keeping your journey smooth across the #blockchain cosmos.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง ๐
The #blockchain universe is vast, but #ShyftNetwork is here to support your voyage.
Whether you're a small node or a big player, Shyft makes moving data simple, always making sure it's safe.
Enjoy your travels through the vast blockchain cosmos! #DiscoverShyft
Shyft NetworkSHFT #813
24 May 2023, 13:37
https://twitter.com/shyftnetwork/status/1661364128487817224?s=46&t=VEFjNFp60YU1wOKasoQ2_w
Shyft NetworkSHFT #813
19 May 2023, 15:41
Orbiting the Shyft Network ๐
In the cosmic expanse of our digital universe, we find four distinct celestial bodies orbiting around the #ShyftNetwork.
Guided by the principle of safeguarding user data, they ensure secure data transfers across #CeFi & #DeFi galaxies. ๐๐
Trust Anchors ๐
Meet the Trust Anchors ๐ - the guardians of regulated data, akin to cosmic keepers of celestial secrets.
Like star systems in our cosmos, they are diverseโfinancial institutions, exchanges, regulatory bodiesโupholding individual data rights. ๐ฆ๐ผ๐
Data Consumers ๐
Next, we have Data Consumers.
Imagine them as cosmic explorers from neighboring galaxies, requesting attested data rather than custodian hard data.
Like buying star maps for navigation, they pay a fee for this verified info. ๐๐บ๏ธ๐ฐ #DataPrivacy
Data Owners ๐
Circling in our cosmic journey, we meet Data Owners - the individual entities.
They hold the 'keys' to their data galaxies, controlling access with Shyftโs consent-based mechanism.
Empowered, they choose who gets the star chart to their data world. ๐๏ธ๐
The Shyft Ring ๐ฐ๏ธ
The Shyft Ring, like a space station, maintains cosmic balance in our digital universe.
It validates network states and establishes security, an infrastructure pulsing at the heart of the #ShyftNetwork, ensuring optimal efficiency. ๐จโ๐๐๐ซ #DataSecurity
Orbiting the Shyft Network.Orbiting the Shyft Network ๐
In the cosmic expanse of our digital universe, we find four distinct celestial bodies orbiting around the #ShyftNetwork.
Guided by the principle of safeguarding user data, they ensure secure data transfers across #CeFi & #DeFi galaxies. ๐๐
Trust Anchors ๐
Meet the Trust Anchors ๐ - the guardians of regulated data, akin to cosmic keepers of celestial secrets.
Like star systems in our cosmos, they are diverseโfinancial institutions, exchanges, regulatory bodiesโupholding individual data rights. ๐ฆ๐ผ๐
Data Consumers ๐
Next, we have Data Consumers.ย
Imagine them as cosmic explorers from neighboring galaxies, requesting attested data rather than custodian hard data.ย
Like buying star maps for navigation, they pay a fee for this verified info. ๐๐บ๏ธ๐ฐ #DataPrivacy
Data Ownersย ๐
Circling in our cosmic journey, we meet Data Owners - the individual entities.ย
They hold the 'keys' to their data galaxies, controlling access with Shyftโs consent-based mechanism.ย
Empowered, they choose who gets the star chart to their data world. ๐๏ธ๐
The Shyft Ring ๐ฐ๏ธ
The Shyft Ring, like a space station, maintains cosmic balance in our digital universe.ย
It validates network states and establishes security, an infrastructure pulsing at the heart of the #ShyftNetwork, ensuring optimal efficiency. ๐จโ๐๐๐ซ #DataSecurity
https://twitter.com/shyftnetwork/status/1659578665284321280?s=20
Shyft NetworkSHFT #813
17 May 2023, 15:08
https://twitter.com/shyftnetwork/status/1658850243381796868?s=20
Shyft NetworkSHFT #813
16 May 2023, 17:17
Missed our biweekly Veriscope Regulatory Recap? Fret not!
Nia, Anne, and Mark are back with all the #crypo regulatory updates from 24th April to 8th May. ๐ ๐
Watch as they delve into NY's investor protection legislation, Liechtenstein's blockchain laws, and more.๐บ๐
Join the conversation & read the full report here:
If you find our report insightful, give it a like, and don't forget to retweet to help others stay informed.๐ผ ๐
If you haven't yet, be sure to follow us on Twitter, LinkedIn, and YouTube for the latest updates and insights in the world of crypto regulation. ๐ ๐
And don't miss out on our newsletter, delivering the latest straight to your inbox. ๐จ
All links can be found here: linktr.ee/shyftnetwork
Missed our biweekly Veriscope Regulatory Recap. Fret not.Missed our biweekly Veriscope Regulatory Recap? Fret not!
Nia, Anne, and Mark are back with all the #crypo regulatory updates from 24th April to 8th May. ๐ ๐
Watch as they delve into NY's investor protection legislation, Liechtenstein's blockchain laws, and more.๐บ๐
Join the conversation & read the full report here: https://tinyurl.com/26msxjvp
If you find our report insightful, give it a like, and don't forget to retweet to help others stay informed.๐ผ ๐
If you haven't yet, be sure to follow us on Twitter, LinkedIn, and YouTube for the latest updates and insights in the world of crypto regulation. ๐ ๐
And don't miss out on our newsletter, delivering the latest straight to your inbox. ๐จ
All links can be found here: linktr.ee/shyftnetwork
Shyft NetworkSHFT #813
16 May 2023, 11:15
Hey dear Shyft friends, As many of you could have noticed, yesterday we've launched a 45-day campaign #DiscoverShyft. Many of you have been recently asking about Ambassador Program more challenging tasks and how to grow into the ranks, and how to support Shyft Network mission. The answer to all these questions is participation ๐๐ผ
Join us in this campaign of Shyft-discovery, growth, and transformation. It's time to embark on a new path that will redefine our community and reveal its hidden potential and power. Let's show what we are made of and create a wave of positive change. ๐โจ๐
What exactly you can do: โ๏ธ
๐ Discover: Read and share the posts that will be coming every second day on
and
๐ช Shyft: Unleash your true potential and shine ๐ Write your posts, and create charts, MEMEs, videos, music, or whatever you feel passionate about.
๐ Make a Change: Together, we can make a positive impact and create a ripple effect that transforms our community. Liking, resharing, and creating content under the #DiscoverShyft will help spread the knowledge about the vital role Shyft Network has for the ecosystem's future โจ
Are you ready to #DiscoverShyft? Let's embark on this incredible adventure together! ๐โจ๐"
Hey dear Shyft friends, As many of you could have noticed, yesterday we've launched a 45-day campaign #DiscoverShyft.Hey dear Shyft friends, As many of you could have noticed, yesterday we've launched a 45-day campaign #DiscoverShyft. Many of you have been recently asking about Ambassador Program more challenging tasks and how to grow into the ranks, and how to support Shyft Network mission. The answer to all these questions is participation ๐๐ผ
Join us in this campaign of Shyft-discovery, growth, and transformation. It's time to embark on a new path that will redefine our community and reveal its hidden potential and power. Let's show what we are made of and create a wave of positive change. ๐โจ๐
What exactly you can do: โ๏ธ
๐ Discover: Read and share the posts that will be coming every second day on
https://twitter.com/ShyftDAO and https://twitter.com/shyftnetwork
๐ช Shyft: Unleash your true potential and shine ๐ Write your posts, and create charts, MEMEs, videos, music, or whatever you feel passionate about.
๐ Make a Change: Together, we can make a positive impact and create a ripple effect that transforms our community. Liking, resharing, and creating content under the #DiscoverShyft will help spread the knowledge about the vital role Shyft Network has for the ecosystem's future โจ
Are you ready to #DiscoverShyft? Let's embark on this incredible adventure together! ๐โจ๐"
https://twitter.com/shyftnetwork/status/1658156397253603334?s=20
Shyft NetworkSHFT #813
05 May 2023, 14:15
โผ๏ธDear valued members of the Shyft community,
We want to address some of the recent discussions made within community channels. We take feedback seriously and are committed to delivering high-quality solutions relevant to the current ecosystem dynamics while prioritizing the privacy and security of users.
Our projects are complex, providing solutions to current and upcoming regulatory changes, some of which are yet to become mainstream and require significant time and resources. However, teams across the network and DAO continue to work diligently to ensure that use case projects are completed in a timely and efficient manner without compromising the quality of their work and their appreciation for the community.
Regarding SHFT token, it is essential to remember that we have no influence or control over any venues or markets on which it may be purchased.
The SHFT token is a tool that helps deploy and maintain regulatory technology and use cases on the Shyft Network. As such, the Shyft core team, ecosystem, and community are committed to helping it achieve the goals set at the start of the project. That is why considerable time and human resources have been focused on the core use cases, the infrastructure, and its first adopters.
For example, Veriscope, the only frictionless Travel Rule Solution, launched on April 13, 2022, continues to attract VASPs of all sizes with new AML compliance requirements, as well as aggregators and other compliance solutions that wish to use Shyft as their discovery system for Travel Rule transactions for their clients. Among the recent Veriscope integrations are those with Elliptic, Sygna, and Coinfirm, among many others. Only in these last few months, Shyft Veriscope introduced Address Proofs that enable VASPs to prove ownership or control of an address before personal identification information (PII) is shared between VASPs; Multiple Trust Anchors that enable VASPs and Service Providers to run a single Veriscope instance that supports multiple trust anchor accounts; The Bloom Filter for deposit addresses will make it easier for VASPs to identify, and respond to, relevant attestations, i.e., attestations on addresses they control; Veriscope infrastructure as code (IaC) is a new method to provision Veriscope Machines and install Veriscope and numerous other upgrades.
The Shyft DAO and its Ambassador Program launches have proven quite successful within the Shyft ecosystem. This month a dedicated DAO website and a unique collection of Ambassadorsโ NFTs are also about to be launched as part of the Shyft ecosystem action plan.
We want to thank you for your continued support and understanding as we work to address the challenges. Teams across the Shyft ecosystem remain committed to providing the best possible technology to the community and maintaining the highest performance, reliability, and security standards.
Shyft Network Core Team
Dear valued members of the Shyft community,. We want to address some of the recent discussions made within community channels.โผ๏ธDear valued members of the Shyft community,
We want to address some of the recent discussions made within community channels. We take feedback seriously and are committed to delivering high-quality solutions relevant to the current ecosystem dynamics while prioritizing the privacy and security of users.
Our projects are complex, providing solutions to current and upcoming regulatory changes, some of which are yet to become mainstream and require significant time and resources. However, teams across the network and DAO continue to work diligently to ensure that use case projects are completed in a timely and efficient manner without compromising the quality of their work and their appreciation for the community.
Regarding SHFT token, it is essential to remember that we have no influence or control over any venues or markets on which it may be purchased.
The SHFT token is a tool that helps deploy and maintain regulatory technology and use cases on the Shyft Network. As such, the Shyft core team, ecosystem, and community are committed to helping it achieve the goals set at the start of the project. That is why considerable time and human resources have been focused on the core use cases, the infrastructure, and its first adopters.
For example, Veriscope, the only frictionless Travel Rule Solution, launched on April 13, 2022, continues to attract VASPs of all sizes with new AML compliance requirements, as well as aggregators and other compliance solutions that wish to use Shyft as their discovery system for Travel Rule transactions for their clients. Among the recent Veriscope integrations are those with Elliptic, Sygna, and Coinfirm, among many others. Only in these last few months, Shyft Veriscope introduced Address Proofs that enable VASPs to prove ownership or control of an address before personal identification information (PII) is shared between VASPs; Multiple Trust Anchors that enable VASPs and Service Providers to run a single Veriscope instance that supports multiple trust anchor accounts; The Bloom Filter for deposit addresses will make it easier for VASPs to identify, and respond to, relevant attestations, i.e., attestations on addresses they control; Veriscope infrastructure as code (IaC) is a new method to provision Veriscope Machines and install Veriscope and numerous other upgrades.
The Shyft DAO and its Ambassador Program launches have proven quite successful within the Shyft ecosystem. This month a dedicated DAO website and a unique collection of Ambassadorsโ NFTs are also about to be launched as part of the Shyft ecosystem action plan.
We want to thank you for your continued support and understanding as we work to address the challenges. Teams across the Shyft ecosystem remain committed to providing the best possible technology to the community and maintaining the highest performance, reliability, and security standards.
Shyft Network Core Team
Shyft NetworkSHFT #813
30 Apr 2023, 00:23
https://twitter.com/shyftnetwork/status/1651979806576189440?s=46&t=B5zJRcUwVXpikCCEmrD-vg
Shyft NetworkSHFT #813
28 Apr 2023, 07:56
Hey @everyone! ๐๐ป
This week's Community Call we will be hosted on Discord at 11:00 AM EST ๐ on Friday, April 28th! ๐
We'll be taking the time this Friday to go over some recent updates from the core team and chat a bit about the ambassador program's roadmap! ๐ ๐ฆ
So, mark your calendars ๐, set your clock โฐ, and join us this Friday!
Hey @everyone. This week's Community Call we will be hosted on Discord at 11:00 AM EST on Friday, April 28th.Hey @everyone! ๐๐ป
This week's Community Call we will be hosted on Discord at 11:00 AM EST ๐ on Friday, April 28th! ๐
We'll be taking the time this Friday to go over some recent updates from the core team and chat a bit about the ambassador program's roadmap! ๐ ๐ฆ
So, mark your calendars ๐, set your clock โฐ, and join us this Friday!
https://discord.com/events/827591371950391317/1101152736231292990
Shyft NetworkSHFT #813
22 Apr 2023, 21:57
1/ Did you miss this week's Veriscope recap? ๐ข Worry not. We got you covered. Nea and her team report on:
๐ US regulators targeting #stablecoins
๐ IMF urging for #crypto regulation
๐ SEC Commissioner criticizing agency's approach
+ much more ๐
CLICK HERE
1/ Did you miss this week's Veriscope recap. Worry not. We got you covered. Nea and her team report on:.1/ Did you miss this week's Veriscope recap? ๐ข Worry not. We got you covered. Nea and her team report on:
๐ US regulators targeting #stablecoins
๐ IMF urging for #crypto regulation
๐ SEC Commissioner criticizing agency's approach
+ much more ๐
https://www.youtube.com/watch?v=wXYWcinyMLc
CLICK HERE
Shyft NetworkSHFT #813
21 Apr 2023, 09:50
EU Parliament ๐ช๐บ gives the green light to #MiCA!
Legislators call it a game-changerโผ๏ธ What does this mean for #crypto users & the ecosystem?
Still to be seen whether MiCA will bring clarity & harmonization ๐
Find out in our latest blog ๐
EU Parliament gives the green light to #MiCA.EU Parliament ๐ช๐บ gives the green light to #MiCA!ย
Legislators call it a game-changerโผ๏ธ What does this mean for #crypto users & the ecosystem?ย
Still to be seen whether MiCA will bring clarity & harmonization ๐
Find out in our latest blog ๐ https://t.co/QKeOJnSHpy
Shyft NetworkSHFT #813
21 Apr 2023, 00:58
Check our latest video on the incredible #VeriscopeIaC - a game-changer for VASPs (#crypto businesses)! ๐คฉ
Discover streamlined server deployment & #AWS, #Terraform, #Ansible integration! ๐ช
Check it out now ๐๐https://t.co/KeFhLqxgMB via @YouTube
Check our latest video on the incredible #VeriscopeIaC - a game-changer for VASPs (#crypto businesses).Check our latest video on the incredible #VeriscopeIaC - a game-changer for VASPs (#crypto businesses)! ๐คฉ
Discover streamlined server deployment & #AWS, #Terraform, #Ansible integration! ๐ช
Check it out now ๐๐https://t.co/KeFhLqxgMB via @YouTube
Shyft NetworkSHFT #813
20 Apr 2023, 17:18
US Congress ๐๏ธ split over #StablecoinRegulation. ๐๐
Tighter rules vs. embracing #CBDCs โ what's at stake for the future of digital finance? ๐ฐ๐
Discover the key differences & potential impact! ๐๐
Read more here โฌ๏ธ
US Congress split over #StablecoinRegulation. Tighter rules vs.US Congress ๐๏ธ split over #StablecoinRegulation. ๐๐ย
Tighter rules vs. embracing #CBDCs โ what's at stake for the future of digital finance? ๐ฐ๐ย
Discover the key differences & potential impact! ๐๐ย
Read more here โฌ๏ธ https://t.co/WeYktc8uDV
Shyft NetworkSHFT #813
20 Apr 2023, 12:32
RT @shyftnetwork: Iron Man โก๏ธ, frustrated by an exchange's intrusive and manual #TravelRule compliance strategy, comes across Shyft Veriscoโฆ
RT @shyftnetwork: Iron Man ๏ธ, frustrated by an exchange's intrusive and manual #TravelRule compliance strategy, comes across ShyRT @shyftnetwork: Iron Man โก๏ธ, frustrated by an exchange's intrusive and manual #TravelRule compliance strategy, comes across Shyft Veriscoโฆ
Shyft NetworkSHFT #813
19 Apr 2023, 17:30
1/ Major #EU lawmakers ๐ฅ across party lines showed strong support for the Markets in #Crypto Assets (#MiCA) regulation during a debate on Wednesday.
This signals that the licensing law is likely to sail through in Thursday's vote! ๐ณ๏ธ๐
๐
1/ Major #EU lawmakers across party lines showed strong support for the Markets in #Crypto Assets (#MiCA) regulation during a de1/ Major #EU lawmakers ๐ฅย across party lines showed strong support for the Markets in #Crypto Assets (#MiCA) regulation during a debate on Wednesday.ย
This signals that the licensing law is likely to sail through in Thursday's vote! ๐ณ๏ธ๐
๐ https://t.co/OUfLh9oJwI https://t.co/Ps1mwA6dpn
Shyft NetworkSHFT #813
19 Apr 2023, 13:50
1/ Exciting news for VASPs (Read: #crypto businesses)! ๐คฉ
We're launching #VeriscopeIaC, a powerful solution ๐ช streamlining the Veriscope server deployment process. ๐
More details here ๐
1/ Exciting news for VASPs (Read: #crypto businesses).1/ Exciting news for VASPs (Read: #crypto businesses)! ๐คฉ
We're launching #VeriscopeIaC, a powerful solution ๐ช streamlining the Veriscope server deployment process. ๐
More details here ๐ https://t.co/4juAMWDgwv https://t.co/LT8IqGZKqJ
Shyft NetworkSHFT #813
18 Apr 2023, 17:38
1/ UK Treasury's A. Griffith ๐ฌ๐ง tells @CNBC UK's #cryptore gulations are coming soon. โณ๐
He reminded that post-#Brexit, UK controls rulebook ๐โ, aiming for agility & balance. โ๏ธ
1/ UK Treasury's A. Griffith tells @CNBC UK's #cryptore gulations are coming soon.1/ UK Treasury's A. Griffith ๐ฌ๐ง tells @CNBC UK's #cryptore gulations are coming soon. โณ๐
He reminded that post-#Brexit, UK controls rulebook ๐โ, aiming for agility & balance. โ๏ธ https://t.co/N5gYSCZ4nr
Shyft NetworkSHFT #813
18 Apr 2023, 11:01
Iron Man โก๏ธ, frustrated by an exchange's intrusive and manual #TravelRule compliance strategy, comes across Shyft Veriscope๐ก๏ธ: the perfect balance of privacy & compliance!
Discover his 4-panel comic crusade for a better #crypto future! #ShyftVeriscope #PrivacyMatters ๐ช๐
Iron Man ๏ธ, frustrated by an exchange's intrusive and manual #TravelRule compliance strategy, comes across Shyft Veriscope: theIron Man โก๏ธ, frustrated by an exchange's intrusive and manual #TravelRule compliance strategy, comes across Shyft Veriscope๐ก๏ธ: the perfect balance of privacy & compliance!ย
Discover his 4-panel comic crusade for a better #crypto future! #ShyftVeriscope #PrivacyMatters ๐ช๐ https://t.co/T8wAMeMK0s
Shyft NetworkSHFT #813
17 Apr 2023, 17:18
Start your Monday off with a bang! The Veriscope Regulatory Roundup is back with the latest #crypto regulatory updates. ๐ฐ
This week, we cover:
US targeting #stablecoins โ
IMF's call for regulation citing FTX collapse โ
And more...
Tap๐
Start your Monday off with a bang. The Veriscope Regulatory Roundup is back with the latest #crypto regulatory updates.Start your Monday off with a bang! The Veriscope Regulatory Roundup is back with the latest #crypto regulatory updates. ๐ฐ
This week, we cover:
US targeting #stablecoins โ
IMF's call for regulation citing FTX collapse โ
And more...
Tap๐ https://t.co/gYvDdMUcWn
Shyft NetworkSHFT #813
17 Apr 2023, 14:08
#G7 under Japan's presidency, promises to bring everyone around the table to push #crypto regulation & global adoption of CBDCs. ๐ ๐ฏ๐ต
The Group of 7 believes #CBDCs can help promote financial inclusivity. ๐
What do you think? Comment below.
Tap ๐โฆ
#G7 under Japan's presidency, promises to bring everyone around the table to push #crypto regulation & global adoption of CBDCs.#G7 under Japan's presidency, promises to bring everyone around the table to push #crypto regulation & global adoption of CBDCs. ๐ ๐ฏ๐ต
The Group of 7 believes #CBDCs can help promote financial inclusivity. ๐
What do you think? Comment below.
Tap ๐โฆ https://t.co/2xBi4wFXob https://t.co/3pWoEkqOeu
Shyft NetworkSHFT #813
16 Apr 2023, 14:21
1/ Indian Finance Minister Nirmala Sitharaman emphasizes global coordination ๐ on #crypto regulations among #G20 members. ๐ค๐ผ
She warned that non-central bank-backed assets could lead to macroeconomic instability. โ ๏ธ๐ #CryptoRegulation
1/ Indian Finance Minister Nirmala Sitharaman emphasizes global coordination on #crypto regulations among #G20 members.1/ Indian Finance Minister Nirmala Sitharaman emphasizes global coordination ๐ on #crypto regulations among #G20 members. ๐ค๐ผ
She warned that non-central bank-backed assets could lead to macroeconomic instability. โ ๏ธ๐ #CryptoRegulation https://t.co/2fCFqw3e0u
Shyft NetworkSHFT #813
15 Apr 2023, 11:02
1/ @bankofengland Governor, Andrew Bailey, advocates for #stablecoin regulation similar to #fiatmoney. ๐๏ธ๐ต๐
He warned that stablecoins lack "assured value" and need a regulatory framework. ๐ผ๐
1/ @bankofengland Governor, Andrew Bailey, advocates for #stablecoin regulation similar to #fiatmoney.1/ @bankofengland Governor, Andrew Bailey, advocates for #stablecoin regulation similar to #fiatmoney. ๐๏ธ๐ต๐
He warned that stablecoins lack "assured value" and need a regulatory framework. ๐ผ๐ https://t.co/rBxMsofiFL
Shyft NetworkSHFT #813
14 Apr 2023, 17:19
1/ In case you've missed the Veriscope Regulatory Update, Nea and her team will refresh your mind with news on:
#IOSCO upcoming #crypto regulation consultation paper โ
The #USTreasuryโs report emphasizing #AML compliance for #DeFi โ
And more...
Watch the full report below๐
1/ In case you've missed the Veriscope Regulatory Update, Nea and her team will refresh your mind with news on:.1/ In case you've missed the Veriscope Regulatory Update, Nea and her team will refresh your mind with news on:
#IOSCO upcoming #crypto regulation consultation paper โ
The #USTreasuryโs report emphasizing #AML compliance for #DeFi โ
And more...
Watch the full report below๐ https://t.co/LMbhTNHLJu
Shyft NetworkSHFT #813
14 Apr 2023, 01:01
1/ Zambia ๐ฟ๐ฒ gears up for a #crypto revolution, aiming to wrap up real-world simulations by June! ๐
Minister Felix Mutati seeks the sweet spot between innovation and safety for citizens. ๐๐ก๏ธ
1/ Zambia gears up for a #crypto revolution, aiming to wrap up real-world simulations by June.1/ Zambia ๐ฟ๐ฒ gears up for a #crypto revolution, aiming to wrap up real-world simulations by June! ๐
Minister Felix Mutati seeks the sweet spot between innovation and safety for citizens. ๐๐ก๏ธ https://t.co/3CYjJ6YO3u
Shyft NetworkSHFT #813
13 Apr 2023, 16:30
Shyft Veriscope presents Bloom Filters, the next-gen solution for #VASPs to streamline attestation management! ๐๐
With this new feature, we are solidifying our commitment to enhancing the VASP experience. ๐ช
Learn more in our blog post ๐
Shyft Veriscope presents Bloom Filters, the next-gen solution for #VASPs to streamline attestation management.Shyft Veriscope presents Bloom Filters, the next-gen solution for #VASPs to streamline attestation management! ๐๐
With this new feature, we are solidifying our commitment to enhancing the VASP experience. ๐ช
Learn more in our blog post ๐
https://tinyurl.com/mw8jbu94
Shyft NetworkSHFT #813
13 Apr 2023, 11:01
1/ ๐จ NFA, the US Self-Regulatory Organization for derivatives, extends jurisdiction to #digitalassets, aiming to discipline members who commit misconduct related to digital assets.
Will this bring more clarity or confusion to the #crypto industry? โ๏ธ๐ #NFA
1/ NFA, the US Self-Regulatory Organization for derivatives, extends jurisdiction to #digitalassets, aiming to discipline member1/ ๐จ NFA, the US Self-Regulatory Organization for derivatives, extends jurisdiction to #digitalassets, aiming to discipline members who commit misconduct related to digital assets.ย
Will this bring more clarity or confusion to the #crypto industry? โ๏ธ๐ #NFA https://t.co/cVwh3RkaEA
Shyft NetworkSHFT #813
12 Apr 2023, 16:31
1/ DeFi under the spotlight: France is considering extending proposed #cryptocurrency laws to include decentralized finance (#DeFi). ๐ฆ๐
The French authorities insist that DeFi regulations can't simply replicate traditional finance ones. ๐๐ฌ
1/ DeFi under the spotlight: France is considering extending proposed #cryptocurrency laws to include decentralized finance (#De1/ DeFi under the spotlight: France is considering extending proposed #cryptocurrency laws to include decentralized finance (#DeFi). ๐ฆ๐ย
The French authorities insist that DeFi regulations can't simply replicate traditional finance ones.ย ๐๐ฌ https://t.co/8iEqCkLf8O
Shyft NetworkSHFT #813
12 Apr 2023, 11:57
RT @ShyftDAO: In case you've missed the extremely significant
@Shyft Veriscope Regulatory Recap with the latest news about #crypto regulatiโฆ
RT @ShyftDAO: In case you've missed the extremely significant.RT @ShyftDAO: In case you've missed the extremely significant
@Shyft Veriscope Regulatory Recap with the latest news about #crypto regulatiโฆ
Shyft NetworkSHFT #813
12 Apr 2023, 01:59
Energize your Monday with the Veriscope Regulatory Roundup โ your go-to guide for the latest #crypto regulatory buzz! ๐ฐ ๐
In this week's edition, we delve into:
#US Treasury's AML focus on DeFi ๐๐บ๐ธ
ECB's McCaul on #MiCA provisions ๐ช๐บ
And moreโฆ
๐
Energize your Monday with the Veriscope Regulatory Roundup โ your go-to guide for the latest #crypto regulatory buzz.Energize your Monday with the Veriscope Regulatory Roundup โ your go-to guide for the latest #crypto regulatory buzz! ๐ฐ ๐ย
In this week's edition, we delve into:
#US Treasury's AML focus on DeFi ๐๐บ๐ธ
ECB's McCaul on #MiCA provisions ๐ช๐บ
And moreโฆ
๐
https://www.shyft.network/newsroom/veriscope-regulatory-recap-3rd-april-to-9th-april
Shyft NetworkSHFT #813
12 Apr 2023, 01:01
1/ #Japan ๐ฏ๐ต is taking major steps to boost its #crypto industry!
A new whitepaper has just been greenlighted ๐โ
by none other than Japanโs Prime Minister, paving the way for a stronger ecosystem.
Hereโs what you should know ๐
1/ #Japan is taking major steps to boost its #crypto industry.1/ #Japan ๐ฏ๐ต is taking major steps to boost its #crypto industry!
A new whitepaper has just been greenlighted ๐โ
by none other than Japanโs Prime Minister, paving the way for a stronger ecosystem.ย
Hereโs what you should know ๐ https://t.co/iklzkEeX3X
Shyft NetworkSHFT #813
11 Apr 2023, 13:01
1/ A bill regulating #Bitcoin mining sails through #Arkansas legislature and now awaits the governor's approval! ๐๏ธ
Similar to #Montana, it establishes guidelines for the crypto mining industry & safeguards it against any sort of discrimination. ๐ญโ๏ธ๐ฐ
1/ A bill regulating #Bitcoin mining sails through #Arkansas legislature and now awaits the governor's approval.1/ A bill regulating #Bitcoin mining sails through #Arkansas legislature and now awaits the governor's approval! ๐๏ธ
Similar to #Montana, it establishes guidelines for the crypto mining industry & safeguards it against any sort of discrimination. ๐ญโ๏ธ๐ฐ https://t.co/T8yelk0fiC
Shyft NetworkSHFT #813
10 Apr 2023, 19:07
Energize your Monday with the Veriscope Regulatory Roundup โ your go-to guide for the latest #crypto regulatory buzz! ๐ฐ ๐
In this week's edition, we delve into:
#US Treasury's AML focus on DeFi ๐๐บ๐ธ
ECB's McCaul on #MiCA provisions ๐ช๐บ
And moreโฆ
๐
Energize your Monday with the Veriscope Regulatory Roundup โ your go-to guide for the latest #crypto regulatory buzz.Energize your Monday with the Veriscope Regulatory Roundup โ your go-to guide for the latest #crypto regulatory buzz! ๐ฐ ๐ย
In this week's edition, we delve into:
#US Treasury's AML focus on DeFi ๐๐บ๐ธ
ECB's McCaul on #MiCA provisions ๐ช๐บ
And moreโฆ
๐ https://t.co/nKgy2KOhUa
Shyft NetworkSHFT #813
10 Apr 2023, 16:44
1/ Crypto-friendly Congressman @tomemmer SLAMS SEC Chair @GaryGensler on @Unchained_pod ๐๏ธ, calling him a "bad faith regulator" ๐ฑ.
Emmer argues that Gensler is targeting the #crypto community with enforcement actions while missing the true bad actors. โ ๏ธ
1/ Crypto-friendly Congressman @tomemmer SLAMS SEC Chair @GaryGensler on @Unchained_pod , calling him a "bad faith regulator" .1/ Crypto-friendly Congressman @tomemmer SLAMS SEC Chair @GaryGensler on @Unchained_pod ๐๏ธ, calling him a "bad faith regulator" ๐ฑ.
Emmer argues that Gensler is targeting the #crypto community with enforcement actions while missing the true bad actors.ย โ ๏ธ https://t.co/3mQbKiswzW
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