The Keystone device, formerly known as Cobo Wallet, is a hardware wallet that is rapidly gaining popularity among individuals and institutions who seek safe ways to store their cryptocurrencies. The company was established in the year 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 of the Keystone device is the air-gapped feature meaning that it doesn’t need to connect to an online device. This additional layer of security guarantees that the funds are safe from online threats, such as hacking or the phishing attack. The device is also open-source which means that the code is made accessible for scrutiny and review and further enhancing the security of the device. In addition, the device supports various 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 product is very easy to use, and has a large display screen that makes it simple to view all assets. The hardware of the device is more durable than its competitors, ensuring 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 when it runs out. It also features a sleek and easy-to-navigate interface, making it accessible to users of all experience levels.
The setup process for the Keystone device is easy. The device must be powered on and then the QR code is scan with the device’s camera on the Keystone website to authenticate the device. After that, a password will be established and the conditions of service are negotiated to. The 24-word seed phrase is copied onto the booklet of seed phrases or an undigital medium. The seed phrase is vital to the security of the device, so it is important that it is kept secure and not taken as a picture or typed onto a computer or smartphone.
Additionally, the device is also connected to the Keystone app, which is available on the Apple App store or Google Play store. It acts as an interface to approve and sign transactions. However, it is vital to keep in mind that the device is not connected to the internet. This additional layer of security ensures that your funds are secure even if the smartphone is compromised.
In the end, Keystone is a great choice for storing Bitcoin. 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 a user-friendly interface it is a great option for both institutions and individuals who want to keep your Bitcoin offline. Its focus on security, reliability, and convenience and its single-stop shop for all things crypto, with support for 9 different currencies as well as 700 tokens and providing the ability to access an inbuilt DApp store, makes it a top-notch option for anyone who is who is looking to purchase an electronic wallet.