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Shield Protocol Stock

Shield Protocol

SHIELD

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Shield Protocol Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
FinexboxSHIELD/USDT0.2400226.590cex17/8/2025, 1:42 PM
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Shield Protocol FAQ

Shield Protocol (SHIELD) serves as a decentralized security platform focused on providing enhanced security measures for the blockchain ecosystem. For detailed information and analysis concerning Shield Protocol, including current market trends and data, please refer to Eulerpool.

Shield Protocol is the pioneering 2FA solution on the blockchain, integrating two-factor authentication backup with Binance Smart Chain Mainnet, Polygon Mainnet, Fantom Opera Mainnet, KCC Mainnet, WANCHAIN, and OPTIMISM Mainnet. Users have the capability to backup and restore their 2FA accounts on the Binance Smart Chain, Polygon, Fantom Opera, KCC Chain, WANCHAIN, and OPTIMISM Blockchains, thus avoiding reliance on centralized servers and ensuring no personal data collection. The Shield Protocol App features a multi-chain wallet that currently supports BNB Chain, Polygon Chain, Avalanche Chain, Fantom Opera Chain, TomoChain, Ethereum, REEF Chain, Meter Chain, Kucoin Community Chain, WANCHAIN, Telos Chain, Arbitrum Chain, and OPTIMISM. Shield Protocol is positioned to compete with platforms like Authy and Google Authenticator by providing enhanced security without compromising user data through collection or centralized storage. Its user-friendly interface ensures it remains an accessible tool for everyday users.

Is there a necessity for SHIELD 2FA on the blockchain?

In today's centralized applications, data security concerns are prevalent. Despite companies employing numerous secure infrastructures, vulnerabilities persist within centralized systems, allowing hackers opportunities for breaches. Moreover, even when robust security measures are in place, internal leaks can still lead to breaches. The frequency of data breaches is escalating, with an increasing amount of compromised data, such as usernames and passwords, appearing on the dark web. Individuals using two-factor authentication (2FA) may avoid unauthorized access to their accounts, yet their personal email and password may still be exposed, especially if used on other platforms lacking 2FA. Shield Protocol's 2FA aims to eradicate the need for personal details during login processes and replace centralized storage with cross-chain blockchain technology. This approach eliminates the need for personal details or centralized storage while effectively showcasing the true utility of blockchain. Find more details on Eulerpool.

Key Utilities of SHIELD:

* Fees: Utilize your Shield tokens to cover blockchain usage fees. Securing your confidential information incurs minimal fees, which can be paid using Shield tokens. Additionally, more features on the Shield app can also be accessed with these tokens. * Staking Rewards: Shield users have the opportunity to stake their tokens and receive rewards either in Shield tokens or, in the future, in tokens from partner entities. * Bonus: Holders of Shield tokens will receive rewards through various programs that will be introduced periodically.

What is the Circulating Supply of SHIELD Tokens?

SHIELD Protocol was launched through an Initial DEX Offering (IDO) with a supply of 200,000 Public-Sale Tokens on the Bakeryswap Decentralized Exchange (DEX) on February 10, 2021.

Who founded the SHIELD Protocol?

Rahul Sharma serves as the Founder and CEO of Shield Protocol. With over 12 years of experience in the data research industry, he is a seasoned security data scientist. His expertise includes roles as a Technology Growth Analyst, Cyber Security Consultant, and specialist in Artificial Intelligence and Simulation, as well as Multi-Cloud solutions. For more detailed information about Shield Protocol, please refer to our listing on Eulerpool.

Investors interested in Shield Protocol are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.