Shield Protocol and Reef Finance partnership bringing 2FA (Two-Factor authentication) security integration on REEF chain.
Shield protocol is gearing up for more development and partnership updates, with the latest partnership with Reef Finance. Reef offers DeFi services such as smart lending, borrowing, staking, and mining through its AI-driven personalized Reef Yield Engine.
Shield Protocol App is the First 2FA on blockchain which provides facility to backup 2FA (Two Factor authentication) accounts on Blockchain replacing the use of centralised servers like Amazon, Microsoft Azure, Google etc. Shield Protocol App is compatible with Binance, Twitter, Facebook, Gmail, Amazon or say compatible with all websites around the internet which provide 2FA security.
Shield Protocol and Reef Finance Partnership
Reef and Shield Protocol partnership will bring First 2FA on REEF chain which will facilitate REEF users and holders to backup their 2FA accounts on Reef chain. If you have 2FA activated on Binance, Twitter, Facebook, Gmail or any online website which provides 2FA security, you will be able to easily backup your 2FA codes on REEF chain. Also 2FA integration on Reef will be first of a kind. Where integration will bring Reef blockchain utility inside a tool as a backup feature. Also where Reef tokens will be used as utility, creating a unique use case.
Shield Protocol App will also integrate Reef chain wallet where users can send, store and receive Reef chain ecosystem tokens.
Shield Protocol is taking on the likes of Authy and Google Authenticator — and offers security while eliminating data collection and centralized 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 centralized servers. All they need to do is type in the private key of their connected wallet for everything to be fully restored.
This partnership between Reef and Shield protocol will begin the journey of security tools in Reef ecosystem, with support from Reef Finance team. Shield Protocol App is already live on iOS and Android with more than 30,000+ downloads and nearly 15000+ monthly active users from 176 countries/regions. Integrating Reef chain inside Shield protocol app will connect these users directly with Reef ecosystem.
About Reef Finance
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
About Shield Protocol
Shield Protocol App is the First 2FA on blockchain which provides facility to backup 2FA (Two Factor authentication) accounts on Blockchain replacing the use of centralised servers like Amazon, Microsoft Azure, Google etc. Shield Protocol App is compatible with Binance, Twitter, Facebook, Gmail, Amazon or say compatible with all websites around the internet which provide 2FA security. Shield Protocol is a Second Layer Security Platform based on the Binance Smart Chain. Shield Protocol App features 2FA on Multiple Blockchains and Cross Platform wallet support.
“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.
Website: https://shieldprotocol.org
Twitter: https://twitter.com/shield2protocol
Telegram: https://t.me/shield2protocol
Medium: https://medium.com/@shield2protocol
