Shield Protocol and Wanchain are proud to announce that the Shield Protocol APP now allows users to backup their 2FA accounts on Wanchain’s Layer 1 PoS blockchain. This follows a previous integration wherein the Shield Protocol allowed users to send, store and receive Wanchain ecosystem tokens in the Shield Protocol wallet.
The Shield Protocol is the First 2FA on blockchain which provides facility to backup 2FA (Two-Factor Authentication) accounts on Multiple Blockchains replacing the use of centralised servers like Amazon, Microsoft Azure, Google etc. Shield Protocol is compatible with Binance, Twitter, Facebook, Gmail, Amazon or say compatible with all websites around the internet which provide 2FA security.
Wanchain is both a sustainable Layer 1 PoS blockchain and a decentralised wide area network of blockchains. The Wanchain Layer 1 PoS blockchain is a full Ethereum-like environment that works with industry standard Ethereum tools, DAPPs and protocols, and supports Monero-like private transactions. Wanchain uses a Proof of Stake consensus algorithm called Galaxy Consensus that leverages a variety of cryptographic schemes including distributed secret sharing and threshold signatures to improve random number generation and block production mechanisms. Galaxy Consensus, developed by world-class researchers and academics, is a continuation of Cardano’s Ouroboros. Wanchain’s wide area network of blockchains is a decentralised system of direct, non-custodial cross chain bridges that connect both EVM and non-EVM networks without requiring any centralised intermediaries. These bridges use a combination of Secure Multiparty Computation (sMPC) and Shamir’s Secret Sharing to secure overcollateralized cross-chain assets. Currently, more than 17 Layer 1 and Layer 2 networks are connected by Wanchain’s wide area network of blockchains.
A look into Shield Protocol 2FA backup on Wanchain
Shield Protocol paves the way for more novel use cases for the $WAN coin. If someone has 2FA activated on Binance, Twitter, Facebook, Gmail or any other online website which provides 2FA security, they can now easily backup their 2FA codes directly on the Wanchain blockchain. This integration provides added utility to the $WAN coin by making it a vital component of Shield Protocol’s 2FA backup.
Shield Protocol is taking on the likes of Authy and Google Authenticator — and offers security while eliminating data collection and centralised storage. A simple interface also means it’s a tool that will be accessible for everyday users. Eliminating the creeping tide of centralization in security measures is one of Shield Protocol’s top priorities, especially following a spate of high-profile hacks and leaks. The exposure of passwords can be particularly dangerous for those who use passwords across multiple accounts.
Comparing its offering with well-known rivals, Shield Protocol provides a backup feature in case users lose their phone or delete the app. Two-factor authentication backup is integrated on Blockchain rather than on centralised servers. All they need to do is type in the private key of their connected wallet for everything to be fully restored.
Shield protocol will continue to deploy security tools to the Wanchain ecosystem, with support from the Wanchain team. The Shield Protocol App is already live on iOS and Android with more than 40,000+ downloads and nearly 15000+ monthly active users from 176 countries/regions. Integrating Wanchain inside the Shield protocol app connects these users directly with the Wanchain ecosystem.
About Shield Protocol
Shield Protocol is First 2FA on Blockchain with integrated 2FA backup on Binance Smart Chain, Fantom Opera, Kucoin Community Chain, Polygon and Wanchain (under development). It means Users can backup and restore their 2FA accounts on Binance Smart Chain, KCC, Fantom Opera and Polygon rather than centralised servers, which also facilitate NO personal data collection of users.
And, despite being based on the blockchain, Shield Protocol is compatible with some of the world’s most popular online platforms. They include crypto exchanges such as Bitmart, Coinbase, Binance, social networks like Facebook and Twitter, and e-commerce platforms such as Amazon.
Shield Protocol App includes multi chain wallet with more than 10 chains and more coming regularly, which Facilitate users to Store, send and receive crypto assets of respective chain.
IOS and Android apps available, with more than 60,000 downloads
Shield Protocol services:-
1. 2FA OTP generator (Live)
2. Multi Chain wallet (Live )
3. 2FA backup on Blockchain (Live)
4. Shield Warrior Ape Gang(SWAG) NFT collection. (Minting Soon)
5. Shield Bridge ( Live )
6. Shield Dapp browser ( in progress)
“Shield Protocol is targeting 4 billion+ internet users who have online accounts be it Social accounts, trading accounts, banking accounts etc. everyone needs 2FA”
Across the crypto community ( and in the fiat world ) security experts have been hammering home the importance of two-factor authentication in keeping accounts safe. This technology adds a layer of protection by effectively adding another lock before funds can be accessed. For example, entering a password into an exchange’s website may prompt the user to enter in an automatically generated six-digit code through a devoted authenticator app.
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About Wanchain
We are all connected — Wanchain, the Wide Area Network chain, is the world’s premier decentralised blockchain interoperability solution. Our mission is to drive blockchain adoption through interoperability by building fully decentralised bridges that connect the world’s many siloed blockchain networks. This crosschain infrastructure empowers developers to build truly decentralised crosschain applications to power the future of Web3.
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