The Keystone device, previously referred to in the past as Cobo Wallet, is a hardware wallet that is gaining popularity among individuals and institutions seeking secure ways to store their cryptocurrency. It was founded on the 17th of January 2017 by Discus Fish and Changhao Jiang, Keystone offers a range of products that focus on security as well as reliability and ease of use for its customers.
One of the main advantages of this Keystone device is the air-gapped feature meaning that it does not need for an internet-connected device. This extra layer of security ensures that the money is protected from online threats, such as hacking or fraud. It is also open source which means that the source code is available for review and scrutiny and further enhancing its security. In addition, the device supports multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether and Tron and a number of ETH, TRON, and EOS digital tokens.
The Keystone device is also very easy to use, with a large display screen that lets you easily browse all assets. The device’s hardware is also more durable than its competitors, ensuring that it will last many years. Furthermore, it has an unattachable battery and this means the battery can be quickly removed when it’s full. The device also has an attractive and simple-to-use interface that is accessible to users of any level of experience.
The process of setting up the Keystone device is simple. The device must be turned on, and then the QR code is scan using the camera of the device through the Keystone website to authenticate the device. Then, a password is established and the terms of service are negotiated to. The 24-word seed phrase is copied onto the seed phrase book or a non-digital material. This seed phrase is crucial to the security of the device, so it is important that it is kept secure and not taken as in a photo or written on smartphones or computers.
Finally, the device is also connected to the Keystone application available in the Apple App store or Google Play store. This app acts as an interface for approving and sign transactions. However, it is vital to keep in mind that the device doesn’t have an internet connection. This added layer of security guarantees that your funds are secure even if the smartphone is compromised.
In conclusion, the Keystone device is a secure and reliable hardware wallet that offers an air-gapped solution that is easy to use. With support for multiple cryptocurrencies, an open-source firmware, and an easy-to-use interface, it’s a fantastic choice for institutions and individuals looking to keep the Bitcoin offline. The focus of the device is security as well as reliability and ease of use, along with its one-stop shop for everything crypto that supports 9 different coins with 700 tokens, as well as giving accessibility to the integrated DApp store makes it an excellent option for anyone who is in the market for an electronic wallet.