Shift registers allow storing and transferring multiple bits of data using multiple flip-flops. There are four main types of shift registers:
1. Serial-in serial-out (SISO) registers allow serial input and output of data one bit at a time.
2. Serial-in parallel-out (SIPO) registers allow serial input but parallel output of all stored bits.
3. Parallel-in serial-out (PISO) registers allow parallel input but serial output of data one bit at a time.
4. Parallel-in parallel-out (PIPO) registers allow parallel input and output of all bits and act as a storage buffer.