Introducing Shield Protocol :- Second Layer Security Platform based on Binance Smart Chain.
Greetings everyone !!
We are proud to present you, Second layer security platform based on Binance Smart Chain:- Shield Protocol
Shield is a Two factor authentication would be on a server-less p2p architecture on top of blockchain where every log would be recorded on to a decentralised ledger for transparency and none of the data that can help in identifying an user would be collected in the application, which would help users in terms of privacy and anonymity and by using blockchain the whole system would be tamper proof.
Shield 2FA is not owned by any single node in the network. Peers in the network can be any single computer which is connected to the internet.
Advantages of Shield 2FA:
- Fault Tolerant: As there is no single node controlling the data transaction and data records in the P2P decentralised network, there is no single point of failures in Shield 2FA. It’s distributed nature supports this very strongly.
- No Internet Censorship: It Controls and prevents Internet Censorship violation as there is no central controlling authority owning the Shield protocol network. So if someone tries to manipulate with data sets in their favour it is practically not possible. Any government authority if it tries to block anything, it will not be possible as the app doesn’t lie on any particular IP address being decentralised in nature.
- Enhanced Trust On The System: As no single entity owns this it helps users to have confidence and trust on the Shield’s 2FA system against the data theft and manipulation.
Why 2FA on Blockchain?
The blockchain is a technology that generally prevails independently of centralised authorities, there is absolutely no central server, no administrator, no national boundary, no owner, and it is at the forefront of conversations about the future of democracy, money, legislation, personal information, health, security, insurance, and more — to the degree that some people are even discussing whether it could cause a major disruption to traditional infrastructures.
Blockchain technology functions as a public record of transactions between users. Although it was at first seen as part of the mechanism that makes cryptocurrencies work, it could be applied in a great many other ways: a few of which provide interesting possibilities. It will have a profound influence on the many ways that people and markets work and interact in the foreseeable future. Several high-profile organisations including Microsoft & IBM, by way of illustration, are testing ways that it could be utilised.
How would blockchain help us in adoption?
Blockchain is the fastest adopted technology right now and billions of dollars are being invested in the technology. One of the biggest markets for that is crypto currency exchanges which collectively are holding nearly 1 trillion dollars or billion dollars in daily trade volume with more than 100 million users.
2FA Authenticator play a very important role in exchanges and none of the 2FA authenticators are on blockchain right now and Shield 2FA being a decentralised application on top of blockchain would give us an edge to attract 10 million+ users who uses exchanges and even use 2FA apps that are centralised, that collect their personal info and put their security keys on centralised clouds which are many times being hit with cyber attacks and users being.
Our vision is to make Shield 2FA widely adopted by users of crypto exchanges and social media channels or say our target is to reach 4 Billion+ Internet Users.
More details coming soon on roadmap and product. Subscribe on our social media channels to stay up to date.
Website: https://shieldprotocol.org
Twitter: https://twitter.com/shield2protocol
Telegram: https://t.me/shield2protocol
Medium: https://medium.com/@shield2protocol
