The blockchain industry moves fast — which means it’s crucial for major protocols to evolve using the latest innovations, checking up on customer demand.
Shield Protocol initially launched in Feb 2021, and it is team say they’ve been working tirelessly to supply additional utility for users — boosting its application with much more services.
The work states it’s delivering two-factor authentication around the blockchain the very first time, which means users can support and restore their accounts on Binance Smart Chain, Kucoin Community Chain, Fantom Opera and Polygon.
For crypto investors, the motivation is straightforward: they no more have to depend on centralized servers where there is a risk their private data has been collected.
Inside a nod to interoperability, Shield Protocol states it’s suitable for major crypto exchanges, as well as a few of the world’s greatest social systems — Twitter and facebook included in this. It’s even easy to add 2FA for your Amazon . com account with this particular tool, stopping your Prime subscription from being misused by fraudsters.
Inside the application, users can engage in a multi-chain wallet where over 10 systems are presently supported, with increased being added regularly. What this means is coins could be sent, received and stored in one location — regardless of the blockchain they are according to.
Diving into NFTs
Shield Protocol’s journey in the last 18 several weeks has not ended here, using the team also unveiling an NFT collection that features 1,111 ERC-721 tokens.
Referred to as Shield Warrior Ape Gang — or SWAG for brief — proprietors can get hold of legendary and different collectibles as well as have the possibility to earn rewards when they decide to stake their NFTs.
SWAG holders also provide the opportunity to go on the whitelist for subsequent collections and employ their NFT to gain access to tools and merchandise over the Shield ecosystem — which makes it a passport to an enormous amount of chance.
Overall, Shield Protocol is way from the one-trick pony — rather, it’s constantly vying to include value, with much more big tech updates within the pipeline. The work told Cointelegraph it intends to offer healthy competition to rivals within the space by being a one-stop-shop its a crypto enthusiast’s needs.
Big ambitions
Obviously, the worlds of crypto and Web3 have become more and more interconnected — and Shield Protocol states it’s determined to become a first mover here, too.
The work is intending to develop a Web3 browser that’ll bring the entire DApp ecosystem inside its very own application, adding another layer of convenience for users.
Super apps are more and more popular at this time, giving everything users need in one location.
Based on Shield Protocol Chief executive officer Rahul Sharma, they is intending to release more security tools this season in order to save the users’ personal information from unauthorized data breaches in crypto along with the non-crypto world. So, they is focusing and researching more about existing security problems as well as their solutions.
And because the platform activly works to help crypto enthusiasts secure their accounts using blockchain technology, it’s setting its sights on reaching over four billion online users who’ve logins they have to safeguard — delivering a stylish and esthetically pleasing interface that’s simple to use.
To date, its apps on Android and iOS happen to be downloaded greater than 60,000 occasions — and demand is just set to develop as increasing numbers of consumers start to embrace blockchain technology.
Shield’s core team people with each other convey more than 15 experience in blockchain, cybersecurity and artificial intelligence — and it is smart contracts tend through security audits done by the Callisto Network.
A large number of milestones happen to be achieved in the last 12 several weeks, as well as on the project’s website, users can easily see what’s approaching next via a comprehensive and simple-to-understand listing.
The outcome of the hacked Facebook account or perhaps a compromised crypto wallet could be devastating. However with Shield Protocol, you are able to strengthen your protection with blockchain.
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