The blockchain industry is changing rapidly – and that means it’s crucial that major protocols evolve with the latest innovations, keeping up with customer demand.
Shield Protocol originally launched in February 2021, and its team claims to have worked tirelessly to provide additional utilities to users, beefing up its app with even more services.
The project says it provides two-factor authentication on the blockchain for the first time, which means users can backup and restore their accounts on Binance Smart Chain, Kucoin Community Chain, Fantom Opera, and Polygon.
For crypto investors, the incentive is simple: they no longer need to rely on centralized servers where there is a risk of their personal data being collected.
In a nod to interoperability, Shield Protocol says it’s compatible with major crypto exchanges, not to mention some of the biggest social networks in the world, including Facebook and Twitter. It’s even possible to add 2FA to your Amazon account with this tool, preventing your Prime membership from being misused by fraudsters.
Within the app, users can enjoy a multi-channel portfolio where more than 10 networks are currently supported, and more are added regularly. This means that coins can be sent, received, and stored in the same place, regardless of the blockchain they are based on.
Diving into NFTs
Shield Protocol’s journey over the past 18 months didn’t end here, with the team also unveiling an NFT collection that boasts 1,111 ERC-721 tokens.
Known as the Shield Warrior Ape Gang – or SWAG for short – owners can get their hands on legendary and unique collectibles and even have the potential to earn rewards if they choose to wager their NFTs.
SWAG holders also have the option to be whitelisted for future collections and use their NFT to access tools and products in the Shield ecosystem, making it a passport to a world of opportunity. .
Overall, Shield Protocol is far from a one-trick pony – instead, it’s constantly vying to add value, with even more significant technology updates in the pipeline. The project told Cointelegraph that it plans to provide healthy competition to its rivals in the space by becoming a one-stop-shop for all a crypto enthusiast’s needs.
Of course, the worlds of crypto and Web3 are increasingly interconnected – and Shield Protocol says it’s determined to be the first to act here, too.
The project plans to create a Web3 browser that will integrate the entire DApp ecosystem into its own application, adding another layer of convenience for users.
Super apps are becoming more and more popular right now, offering everything users need in one place.
According to Shield Protocol CEO Rahul Sharma, the team plans to release more security tools this year to protect users’ private data from unauthorized data breaches in the crypto as well as the non-crypto world. Thus, the team focuses and researches more on the existing security problems and their solutions.
And as the platform works to help crypto enthusiasts secure their online accounts using blockchain technology, it aims to reach over four billion internet users who have connections they need to protect, offering an elegant and aesthetic interface that is easy to use.
So far, its apps on Android and iOS have been downloaded over 60,000 times – and demand will only grow as more consumers begin to embrace blockchain technology.
Shield’s core team members collectively have over 15 years of experience in blockchain, cybersecurity and artificial intelligence – and its smart contracts have been verified by security audits conducted by the Callisto Network.
Dozens of milestones have been reached over the past 12 months, and on the project’s website, users can see what’s coming with a comprehensive, easy-to-understand checklist.
The impact of a hacked Facebook account or compromised crypto wallet can be devastating. But with Shield Protocol, you can strengthen your protection with the blockchain.
Disclaimer. Cointelegraph does not endorse any content or product on this page. Although we aim to provide you with all important information we may obtain, readers should do their own research before taking any action related to the company and take full responsibility for their decisions, and this article cannot no longer be considered as investment advice.