The Keystone device, previously known by the name of Cobo Wallet, is a hardware wallet that is growing in recognition among institutions and individuals seeking secure ways to store their cryptocurrencies. It was founded on the 17th of January 2017 in 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 most important advantages in this Keystone device is its air-gapped capability, which means that it doesn’t need for an online device. This additional layer of security ensures that the money is protected from online threats, such as hacking or fraud. It is also open source this means that the code is publicly accessible for scrutiny and review which further enhances its security. Furthermore, the device can support 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 easy to use, thanks to its large display screen that lets you easily browse every asset. The device’s hardware is also more durable than some of its competitors, which means that it will last for a long time. Additionally, the device has a detachable battery pack and this means the battery can be easily replaced if it is exhausted. The device is also equipped with an elegant and user-friendly interface, which makes it suitable for users of all experience levels.
The process of setting up Keystone is simple. The setup process for Keystone device is straightforward. The device first needs to be switched on and it scans a QR code with the device’s camera through the Keystone website to authenticate the device. Next, a password is created and the conditions of service are negotiated to. After this, the 24 words seed phrase is then written down on the booklet of seed phrases or a non-digital material. This seed phrase is crucial to the device’s security, therefore it is essential to ensure it’s safe and never taken by taking a picture or copied onto a computer or smartphone.
The device is connected to the Keystone app that is available through the Apple App store or Google Play store. This app acts as an interface that allows users to approve and verify transactions, however it is crucial to remember that the device itself doesn’t have an internet connection. This additional layer of security guarantees that your funds are secure even if the smartphone is compromised.
In conclusion we can say that Keystone’s Keystone product is safe and solid hardware wallet that provides an air-gapped solution that is easy to use. With support for multiple cryptocurrencies, an open-source firmware, and a user-friendly interface it is a great option for institutions and individuals looking to keep your Bitcoin offline. Its focus on security as well as reliability and ease of use as well as its one-stop shop for everything crypto by supporting 9 different coins with 700 tokens, as well as offering the ability to access an inbuilt DApp store makes it an outstanding choice for anyone who is looking to purchase hardware wallets.