The Keystone device, previously known as Cobo Wallet, is a hardware wallet that is gaining recognition among institutions and individuals who seek safe ways to store their cryptocurrency. The company was established on the 17th of January 2017 with the help of Discus Fish and Changhao Jiang, Keystone offers a range of products that concentrate on security, reliability, and convenience for its customers.
One of the main features of the Keystone device is its air-gapped capability which means it doesn’t have to connect to an internet-connected device. This added layer of security ensures that the funds are safe from online threats like hacking or phishing. It is also open source, which means that the code is made available for review and scrutiny and further enhancing the security of the device. In addition, the device supports multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether and Tron, as well as various ETH, TRON, and EOS digital tokens.
The Keystone product is easy to use, thanks to its large display screen , which makes it simple to view every asset. The hardware of the device is more durable than its competitors, ensuring that it lasts for an extended period of time. Furthermore, it has a battery pack that can be removed, which means that the battery can be quickly replaced if it is exhausted. The device is also equipped with an attractive and simple-to-use interface, making it accessible to users of all levels of experience.
The setup process for the Keystone device is simple. The device must be powered on and then the QR code is scan with the device’s camera through the Keystone website to authenticate the device. Next, a password is established and the terms of service are agreed to. The 24-word seed phrase is copied onto the seed phrase book or a non-digital material. This seed phrase is crucial for the security of the device therefore it is essential to ensure it’s protected and never used to take in a photo or written on a computer or smartphone.
Additionally, the device is paired with the Keystone application, which is available on the Apple App store or Google Play store. This app acts as an interface that allows users to approve and sign transactions. However, it is vital to keep in mind that the device itself doesn’t have an internet connection. This extra layer of security ensures that the money is safe even in the event that the phone is compromised.
In the end we can say that Keystone’s Keystone device is a safe and solid hardware wallet that provides an easy-to-use air-gapped option. With support for multiple cryptocurrencies and an open-source firmware and a user-friendly interface, it’s a fantastic choice for both institutions and individuals who want to keep your Bitcoin offline. The device’s emphasis on security as well as reliability and ease of use and its single-stop shop for all things crypto, with support for 9 different currencies, 700 tokens, and providing the ability to access an inbuilt DApp store, makes it a top-notch option for anyone who is who is looking to purchase an electronic wallet.