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Summary of Shield Protocol
Key Points
- Shield Protocol is a 2FA solution on blockchain, integrating with multiple chains.
- It eliminates personal data collection and centralized storage.
- The app includes a multi-chain wallet supporting 13 chains.
- Shield Protocol aims to replace centralized 2FA solutions like Authy and Google Authenticator.
Need for SHIELD 2FA on Blockchain
- Data breaches are on the rise despite secure setups.
- Centralized systems are vulnerable to internal leakages and hacking.
- Shield 2FA aims to eliminate personal data collection and centralized storage.
Introducing Shield Protocol: A Beacon of Security in the Digital Realm
Introducing Shield Protocol (SHIELD): A Revolutionary Blockchain Solution
Shield Protocol pioneers the first-ever 2FA solution on blockchain, seamlessly integrating 2FA backup with an array of prominent mainnets, including Binance Smart Chain, Polygon, Fantom Opera, KCC, WANCHAIN, and OPTIMISM.
Users can seamlessly backup and restore their 2FA accounts on a diverse range of blockchain networks, including Binance Smart Chain, Polygon, Fantom Opera, KCC Chain, WANCHAIN, and OPTIMISM, thereby eliminating the need for centralized servers and ensuring that no personal user data is collected.
The Shield Protocol App boasts a multi-chain wallet, currently supporting an extensive array of blockchain networks, including BNB Chain, Polygon Chain, Avalanche Chain, Fantom Opera Chain, TomoChain, Ethereum, REEF Chain, Meter Chain, Kucoin Community Chain, WANCHAIN, Telos Chain, Arbitrum Chain, and OPTIMISM.
Shield Protocol is poised to rival industry stalwarts like Authy and Google Authenticator, offering a robust security solution that eschews data collection and centralized storage. Moreover, its intuitive interface ensures that this powerful tool is accessible to everyday users, making it an attractive option for the masses.
The Imperative of SHIELD 2FA in Blockchain Ecosystems
In today’s centralized applications, we are confronted with pressing concerns surrounding our data. Despite the implementation of robust security measures, numerous data breaches have occurred, highlighting the inherent vulnerabilities of centralized systems that hackers can exploit. Even with the most secure systems in place, internal leaks can still lead to breaches. The alarming rise of data breaches has resulted in a proliferation of sensitive information on the dark web, including usernames and passwords. While two-factor authentication (2FA) can provide some protection, it is not foolproof, and users may still fall victim to hackers, compromising their personal email and password information, which can be used to gain access to other accounts without 2FA. Shield 2FA aims to revolutionize the login process by eliminating the need for personal details and decentralized storage, instead leveraging cross-chain blockchain technology to create a system that is both secure and decentralized, thereby showcasing the true potential of blockchain technology.
The Multifaceted Utilities of SHIELD Key
- Fees: Utilize your Shield token to settle blockchain usage fees, ensuring the safeguarding of your sensitive information comes with minimal costs, conveniently payable in Shield tokens. Moreover, additional features within the Shield app can be accessed using tokens.
- Staking Rewards: By staking their tokens, Shield users can earn rewards in Shield tokens or, in the future, partner tokens.
- Bonus: Shield token holders will be eligible for rewards under various programs, which will be launched periodically.
The Circulating Supply of SHIELD Tokens: A Closer Look
On February 10, 2021, the SHIELD Protocol was successfully launched via Initial DEX Offering (IDO) on Bakeryswap, accompanied by a public sale of 200,000 tokens.
The Visionary Behind the SHIELD Protocol: Meet the Founder
Rahul Sharma, Founder and CEO of SHIELD PROTOCOL, boasts an impressive track record as a seasoned security data scientist, with a remarkable 12-year tenure in the Data Research Industry. His expertise spans a broad spectrum, encompassing Technology Growth Analysis, Cyber Security Consultancy, Artificial Intelligence, Simulation, and Multi-Cloud Specialization.