The Keystone device, formerly known as Cobo Wallet, is a hardware wallet that is growing in popularity with institutions and individuals seeking secure ways to store their cryptocurrencies. Founded in 2017 by Discus Fish and Changhao Jiang, Keystone offers a range of products that focus on security, reliability, and convenience for its customers.
One of the major advantages of this Keystone device is the air-gapped feature which means it does not need be connected to any internet-connected device. This added layer of security guarantees that the funds are safe from online threats like hacking or fraud. The device is also open-source, which means that the source code is accessible for inspection and review 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 several ETH, TRON, and EOS digital tokens.
Keystone is a great device for business and leisure. Keystone device is also easy to use, with a large screen that lets you easily browse the entire inventory. Its hardware is more durable than some of its competitors, which means that it lasts for an extended period of time. Furthermore, it has an unattachable battery and this means the battery can be quickly replaced when it runs out. It also features an attractive and simple-to-use interface, which makes it suitable for users of any level of experience.
The procedure for setting up the Keystone device is easy. The device first needs to be turned on, and then it scans a QR code using the camera of the device on the Keystone website to authenticate the device. Then, a password is created and the conditions of service are agreed to. The 24-word seed phrase is written down on the booklet of seed phrases or an undigital medium. This seed phrase is crucial to the device’s security, so it is important to keep it safe and never taken a picture or typed onto smartphone or computer.
The device is connected to the Keystone application, which is available on the Apple App store or Google Play store. The app serves as an interface for approving and sign transactions. However, it is vital to keep in mind that the device itself doesn’t have an internet connection. This added layer of security ensures that your funds are secure even if the smartphone is compromised.
In conclusion we can say that the Keystone device is a secure and robust hardware wallet that gives an air-gapped solution that is easy to use. With support for multiple cryptocurrencies and an open-source firmware and a user-friendly interface, it is a great option for both institutions and individuals who want to store their Bitcoin offline. Its focus on security safety, reliability, and comfort and its single-stop shop for everything crypto by supporting 9 different coins, 700 tokens, and providing access to an integrated DApp store makes it an excellent choice for anyone in the market for a hardware wallet.