The Keystone device, previously known by the name of Cobo Wallet, is a hardware wallet that is rapidly gaining popularity with institutions and individuals who are looking for safe ways to keep their crypto. Founded on the 17th of January 2017 with the help of Discus Fish and Changhao Jiang, Keystone offers a range of products that focus on security, reliability, and convenience for its customers.
One of the most important characteristics in Keystone is that the Keystone device is its air-gapped option meaning that it doesn’t have to connect to an internet-connected device. This added layer of security ensures that your money is safe from online threats such as hacking or phishing. The device is also open-source which means that the source code is accessible for scrutiny and review, further increasing its security. Additionally, the device supports multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether, and Tron along with a number of ETH, TRON, and EOS digital tokens.
The Keystone product is very easy to use, thanks to its large display screen that makes it simple to view all assets. The device’s hardware is also more durable than some of its competitors, ensuring that it lasts for many years. Furthermore, it has a detachable battery pack this means that the battery can be quickly replaced when it runs out. It also features an attractive and simple-to-use interface, making it suitable for users of all levels of experience.
The procedure for setting up the Keystone device is straightforward. First, the device is turned on, and then a QR code is scanned by the camera on the Keystone website to authenticate the device. Then, a password is created and the terms of service are agreed upon. After this, the 24-word seed phrase is written down on the seed phrase booklet or on a non-digital material. This seed phrase is essential to the device’s security, therefore it is essential to keep it protected and never used to take in a photo or written on smartphones or computers.
The device is also connected to the Keystone app that is available through the Apple App store or Google Play store. The app serves as an interface to approve and sign transactions. However, it is crucial to remember that the device itself does not have internet connectivity. This additional layer of security guarantees that your funds are secure even if your smartphone is compromised.
In conclusion it is clear that Keystone is a great choice for storing Bitcoin. Keystone device is a secure and reliable hardware wallet that offers an air-gapped solution that is easy to use. With support for a range of cryptocurrency and an open-source firmware and a user-friendly interface it’s an excellent choice for individuals and institutions looking to keep their Bitcoin offline. The device’s emphasis on security, reliability, and convenience and its single-stop shop for all things crypto, that supports 9 different coins as well as 700 tokens and offering the ability to access an inbuilt DApp store makes it a top-notch option for anyone who is looking for an electronic wallet.