The Keystone device, formerly known in the past as Cobo Wallet, is a hardware wallet that is growing in popularity with institutions and individuals who are looking for secure ways to store their cryptocurrencies. The company was established in 2017 with the help of Discus Fish and Changhao Jiang, Keystone offers a range of products that focus on security along with reliability and comfort for its customers.
One of the most important characteristics of the Keystone device is its air-gapped capability, which means that it doesn’t have be connected to any internet-connected device. This additional layer of security ensures that your money is safe from online threats like hacking or the phishing attack. The device is also open-source this means that the code is made available for review and scrutiny which further enhances the security of the device. Additionally, the device supports several cryptocurrencies, such as Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether, and Tron, as well as various ETH, TRON, and EOS digital tokens.
Keystone is a great device for business and leisure. Keystone product is simple to use, with a large screen that allows users to easily view all assets. Its hardware is more durable than some of its rivals, meaning that it will last for a long time. Additionally, the device has an unattachable battery and this means the battery can be quickly replaced when it runs out. The device also has an elegant and user-friendly interface, which makes it suitable for users of any level 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 using the camera of the device via the Keystone website to authenticate the device. Next, a password is created and the conditions of service are negotiated to. Following this, the 24-word seed phrase is copied down onto the provided seed phrase book or an undigital medium. The seed phrase is vital to the device’s security, therefore it is essential to ensure it’s protected and never used to take by taking a picture or copied onto smartphone or computer.
Additionally, the device is also connected to the Keystone application that is available through the Apple App store or Google Play store. It acts as an interface to approve and sign transactions, but it is important to note that the device itself is not connected to the internet. This added layer of security guarantees that the funds are safe even if the smartphone is compromised.
In the end, 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 an excellent choice for both institutions and individuals who want to keep the Bitcoin offline. Its focus on security, reliability, and convenience as well as its one-stop shop for all things crypto, by supporting 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 hardware wallets.