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Shift is described as a decentralized blockchain secured by Delegated Proof-of-Stake. The elected 101 (the number N currently is 101) delegates act as the custodians of the system. These delegates generate the blocks in their allocated slot every 27 seconds (blocktime) and provide a ledger with transaction finality for Shift’s web hosting platform. In addition to tracking account balances and registration states, it provides a system of cryptographic linkage between private and public keys. Every user in the system can have one or more private keys at their disposal, and these keys can be used to provide ownership of tokens within that system. This is especially important when combined with the blockchain which will host Phantom. Users will need to send some tokens from the Shift blockchain to the Phantom sidechain.
The Shift token allows dApp owners to implement an intrinsic monetization model or trading platform for digital assets in their dApp.