The Keystone device, formerly known in the past as Cobo Wallet, is a hardware wallet that is growing in popularity among individuals and institutions who are looking for safe ways to store their cryptocurrency. It was founded on the 17th of January 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 in Keystone is that the Keystone device is the air-gapped feature meaning that it does not need to connect to an online device. This additional layer of security ensures 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 inspection and review and further enhancing the security of the device. Furthermore, the device can support various cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether, and Tron, as well as various ETH, TRON, and EOS digital tokens.
The Keystone device is also very easy to use, and has a large display screen that lets you easily browse all assets. Its hardware is more durable than some of its competitors, which means that it will last for many years. In addition, the device comes with a detachable battery pack this means that the battery can be quickly replaced when it runs out. The device is also equipped with an elegant and user-friendly interface that is accessible to users of all experience levels.
The procedure for setting up Keystone is simple. The setup process for Keystone device is easy. The device must be powered on and then the QR code is scan with the device’s camera via the Keystone website to authenticate the device. Then, a password is set and the conditions of service are negotiated to. After this, the 24-word seed phrase is copied down onto the provided seed phrase book or an undigital medium. This seed phrase is crucial for the security of the device therefore it is essential that it is kept secure and not taken as by taking a picture or copied onto a computer or smartphone.
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 vital to keep in mind that the device doesn’t have an internet connection. This additional layer of security makes sure that the money is safe even in the event that the phone is compromised.
In the end, the Keystone gadget is safe and robust hardware wallet that gives an air-gapped solution that is easy to use. With support for a range of cryptocurrency and an open-source firmware and a user-friendly interface it is a great option for both institutions and individuals who want to keep the Bitcoin offline. The device’s emphasis on security safety, reliability, and comfort, along with its one-stop shop for everything crypto by supporting 9 different coins, 700 tokens, and offering the ability to access an inbuilt DApp store, makes it an excellent choice for anyone looking for hardware wallets.