The Keystone device, previously known as Cobo Wallet, is a hardware wallet that is gaining popularity among individuals and institutions who seek secure ways to store their cryptocurrency. It was founded in 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 the Keystone device is its air-gapped option, which means that it does not need be connected to any internet-connected device. This added layer of security makes sure 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 source code is available for review and scrutiny which further enhances the security of the device. Additionally, the device supports 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 simple to use, thanks to its large screen that makes it simple to view every asset. The device’s hardware is also more durable than some of its competitors, which means that it lasts for many years. Additionally, the device has a detachable battery pack this means that the battery can be easily removed when it’s full. It also features a sleek and easy-to-navigate interface, which makes it accessible to users of all experience levels.
The process of setting up Keystone is simple. The setup process for Keystone device is simple. First, the device is powered on and then it scans a QR code by the camera via the Keystone website to authenticate the device. After that, a password will be established and the terms of service are agreed to. After this, the 24-word seed phrase is copied down onto the provided seed phrase booklet or on an undigital medium. The seed phrase is vital to the security of the device, therefore it is essential that it is kept safe and never taken a picture or typed onto smartphones or computers.
Additionally, the device is also connected to the Keystone application available in the Apple App store or Google Play store. It acts as an interface for approving and sign transactions. However, it is crucial to remember that the device itself is not connected to the internet. This extra layer of security makes sure that the money is safe even if your smartphone is compromised.
In the end we can say that Keystone’s Keystone device is a secure and robust hardware wallet that gives an easy-to-use air-gapped option. With support for a range of cryptocurrency and an open-source firmware and an easy-to-use interface, it is a great option for institutions and individuals looking to store your Bitcoin offline. The focus of the device is security as well as reliability and ease of use as well as its one-stop store for all things crypto with support for 9 different currencies as well as 700 tokens and providing accessibility to the integrated DApp store, makes it an excellent option for anyone who is looking for an electronic wallet.