Shield Protocol

 Shield Protocol

What Exactly is Shield Protocol (SHIELD)?

Shield Protocol stands out as the pioneering 2FA solution on the Blockchain, seamlessly integrating 2FA backup across various mainnets including Binance Smart Chain, Polygon, Fantom Opera, KCC Chain, WANCHAIN, and OPTIMISM.

Users can securely backup and restore their 2FA accounts directly on the aforementioned blockchains, eliminating the need for centralized servers. This not only ensures enhanced security but also avoids the collection of any personal user data.

Moreover, the Shield Protocol App features a multi-chain wallet supporting an array of chains such as 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 steps up to the challenge posed by established players like Authy and Google Authenticator, providing robust security while prioritizing user privacy and decentralization. Its intuitive interface makes it accessible to users of all levels of expertise.

The Importance of SHIELD 2FA on Blockchain

In today's centralized applications, data security concerns are rampant. Despite rigorous security measures, data breaches persist due to inherent vulnerabilities in centralized systems, including internal leaks. The rising trend of data breaches, with sensitive information surfacing on the dark web, underscores the urgency for enhanced security measures.

While conventional 2FA methods offer some protection against hacks, they still leave users vulnerable to personal data leaks. Shield 2FA seeks to address these vulnerabilities by eliminating the need for personal information during login and replacing centralized storage with cross-chain blockchain technology. This innovative approach ensures security without compromising user privacy, showcasing the true potential of blockchain technology.

Key Utilities of SHIELD

Fees: Shield token holders can utilize their tokens to cover blockchain usage fees, ensuring the security of their secrets with minimal costs.

Staking Rewards: Users have the opportunity to stake their tokens and earn rewards in Shield tokens or potentially partner tokens in the future.

Bonuses: Shield token holders are eligible for various reward programs that will be launched periodically.

How Many SHIELD Tokens are Currently in Circulation?

The SHIELD Protocol commenced its journey with an Initial DEX Offering (IDO), releasing 200,000 Public-Sale Tokens on the Bakeryswap DEX on February 10, 2021.

Who is Behind the SHIELD Protocol?

Rahul Sharma serves as the Founder & CEO of SHIELD PROTOCOL. With over 12 years of experience in security data science, Rahul brings a wealth of expertise in technology growth analysis, cyber security consulting, artificial intelligence, simulation, and multi-cloud specialization to the table.