Shield Protocol is a second-layer security platform that provides a decentralized 2-Factor Authentication (2FA) solution for multichain wallets. It is the first of its kind to integrate 2FA backup on various blockchains including Binance Smart Chain, Polygon, Fantom Opera, KCC Chain, WANCHAIN, and OPTIMISM.
Shield Protocol operates as a blockchain-based security application. It incorporates a decentralized method of backing up 2FA accounts across several EVM-compatible blockchains. Using smart contracts, Shield Protocol allows users to store and restore their 2FA secrets directly on the blockchain rather than on centralised servers, ensuring enhanced security and privacy by eliminating personal data collection.
Shield Protocol's primary use cases include:
The historical development of Shield Protocol, specifically in the context of its 2FA solution, isn't thoroughly detailed in available sources. However, it is noted for its significant technical milestones such as integrating with multiple blockchains and the development of a multi-chain wallet application, establishing its presence in the cryptocurrency market through listings on platforms like CoinMarketCap and Crypto.com. Its evolution focuses on providing a secure, user-friendly decentralized 2FA solution across various blockchain networks.
The Shield Protocol price is $0.28337972 AUD, representing a -4.11% from the day prior.
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The trading volume of Shield Protocol (SHIELD) is $37 AUD in the last 24hrs, representing a -4.11% from the day prior.
Shield Protocol (SHIELD) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Shield Protocol (SHIELD) is $68.2K AUD.
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The current circulating supply of Shield Protocol (SHIELD) is 244.5K.
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