The Keystone device, formerly known as Cobo Wallet, is a hardware wallet that is rapidly gaining recognition among institutions and individuals seeking secure methods to store their cryptocurrency. It was founded on the 17th of January 2017 in 2017 by Discus Fish and Changhao Jiang, Keystone offers a range of products that concentrate on security, reliability, and convenience for its clients.
One of the most important advantages that is unique to the Keystone device is the air-gapped feature, which means that it doesn’t have for an internet-connected device. This additional layer of security ensures that the money is protected from online threats like hacking or the phishing attack. It is also open source, which means that the code is made available for review and scrutiny and further enhancing the security of the device. Furthermore, the device can support multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether and Tron along with a number of ETH, TRON, and EOS digital tokens.
The Keystone product is simple to use, and has a large display screen , which lets you easily browse the entire inventory. The device’s hardware is also more durable than some of its competitors, which means that it will last for an extended period of time. Additionally, the device has a battery pack that can be removed and this means the battery can be easily removed when it’s full. The device is also equipped with an elegant and user-friendly interface, making it accessible to users of all experience levels.
The process of setting up the Keystone device is straightforward. The device must be turned on, and then a QR code is scanned with the device’s camera through the Keystone website to authenticate the device. Then, a password is created and the terms of service are agreed upon. The 24 words seed phrase is then copied down onto the provided booklet of seed phrases or an undigital medium. This seed phrase is crucial to the security of the device, therefore it is essential to keep it protected and never used to take in a photo or written on smartphone or computer.
Finally, the device is also connected to the Keystone app, which is available on the Apple App store or Google Play store. This app acts as an interface that allows users to approve and sign transactions. However, it is crucial to remember that the device does not have internet connectivity. This added layer of security makes sure that the funds are safe even if your smartphone is compromised.
In conclusion, Keystone’s Keystone device is a safe and reliable hardware wallet that offers an air-gapped solution that is easy to use. With support for multiple cryptocurrencies and an open-source firmware and a user-friendly interface it’s a fantastic choice for both institutions and individuals who want to store their Bitcoin offline. Its focus on security, reliability, and convenience and its single-stop shop for all things crypto, by supporting 9 different coins as well as 700 tokens and offering access to an integrated DApp store makes it a top-notch choice for anyone who is looking to purchase a hardware wallet.