The Keystone device, previously known in the past as Cobo Wallet, is a hardware wallet that is rapidly gaining popularity with institutions and individuals who seek secure methods to store their cryptocurrencies. It was founded on the 17th of January 2017 by Discus Fish and Changhao Jiang, Keystone offers a range of products that concentrate on security along with reliability and comfort for its clients.
One of the main characteristics that is unique to this Keystone device is its air-gapped option meaning that it doesn’t need be connected to any online device. This extra layer of security ensures that the money is protected from online threats like hacking or the phishing attack. The device is also open-source which means that the source code is available for review and scrutiny which further enhances its security. Furthermore, the device can support various cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether and Tron, as well as a number of ETH, TRON, and EOS digital tokens.
Keystone is a great device for business and leisure. Keystone device is also simple to use, with a large display screen , which makes it simple to view all assets. Its hardware is more durable than its competitors, which means that it lasts for an extended period of time. In addition, the device comes with a detachable battery pack this means that the battery can be easily replaced if it is exhausted. It also features an attractive and simple-to-use interface that is accessible to users of all experience levels.
The setup process for the Keystone device is simple. The device first needs to be powered on and then a QR code is scanned using the camera of the device through the Keystone website to authenticate the device. Next, a password is created and the terms of service are negotiated to. Following this, the 24 words seed phrase is then copied down onto the provided seed phrase booklet or on another non-digital media. This seed phrase is essential for the security of the device therefore it is essential to ensure it’s secure and not taken as by taking a picture or copied onto smartphone or computer.
Finally, the device is paired with the Keystone application that is available through the Apple App store or Google Play store. It 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 added layer of security makes sure that your funds are secure even if the smartphone is compromised.
In conclusion, Keystone’s Keystone device is a secure and reliable hardware wallet that offers an easy-to-use air-gapped option. It supports a variety of cryptocurrencies as well as an open-source firmware and an easy-to-use interface, it’s an excellent choice for institutions and individuals looking to keep the Bitcoin offline. The focus of the device is security safety, reliability, and comfort and its single-stop shop for all things crypto, that supports 9 different coins, 700 tokens, and giving the ability to access an inbuilt DApp store makes it an excellent choice for anyone who is looking to purchase an electronic wallet.