The Keystone device, formerly known as Cobo Wallet, is a hardware wallet that is growing in popularity with institutions and individuals who are looking for secure ways to store their cryptocurrency. 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 along with reliability and comfort for its clients.
One of the main characteristics of this Keystone device is its air-gapped option, which means that it doesn’t have to connect to an online device. This additional layer of security ensures that the funds are safe from online threats, such as hacking or phishing. It is also open source, which means that the code is made accessible for scrutiny and review which further enhances the security of the device. In addition, the device supports multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether and Tron and various ETH, TRON, and EOS digital tokens.
The Keystone product is simple to use, and has a large display screen , which lets you easily browse every asset. Its hardware is more durable than some of its competitors, ensuring that it will last many years. Furthermore, it has a battery pack that can be removed and this means it can be removed when it’s full. The device is also equipped with an elegant and user-friendly interface, which makes it accessible to users of any level of experience.
The setup process for the Keystone device is easy. First, the device is powered on and then a QR code is scanned by the camera on the Keystone website to authenticate the device. Then, a password is established and the terms of service are negotiated to. After this, the 24 words seed phrase is then copied down onto the provided seed phrase booklet or on another non-digital media. This seed phrase is crucial for the security of the device so it is important that it is kept protected and never used to take a picture or typed onto a computer or smartphone.
Finally, the device is paired with the Keystone application, which is available on the Apple App store or Google Play store. This app acts as an interface for approving and verify transactions, however it is crucial to remember that the device itself does not have internet connectivity. This extra layer of security makes sure that your funds are secure even if your smartphone is compromised.
In conclusion, Keystone’s Keystone device is a secure and reliable hardware wallet that offers an air-gapped solution that is easy to use. With support for a range of cryptocurrency, an open-source firmware, and an easy-to-use interface, it is a great option for institutions and individuals looking to keep the Bitcoin offline. Its focus on security, reliability, and convenience and its single-stop shop for all things crypto, with support for 9 different currencies with 700 tokens, as well as offering the ability to access an inbuilt DApp store, makes it a top-notch option for anyone who is in the market for an electronic wallet.