The Keystone device, previously referred to in the past as Cobo Wallet, is a hardware wallet that is rapidly gaining recognition among institutions and individuals who seek safe ways to store their cryptocurrencies. Founded in 2017 in 2017 by Discus Fish and Changhao Jiang, Keystone offers a range of products that concentrate on security as well as reliability and ease of use for its clients.
One of the main features in Keystone is that the Keystone device is its air-gapped capability which means it does not need to connect to an online device. This extra layer of security makes sure that your money is safe from online threats, such as hacking or phishing. It is also open source, which means that the source code is accessible for inspection and review 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, as well as a number of ETH, TRON, and EOS digital tokens.
The Keystone product is very easy to use, with a large display screen that lets you easily browse the entire inventory. The hardware of the device is more durable than its competitors, ensuring that it will last for an extended period of time. Furthermore, it has a detachable battery pack and this means the battery can be quickly replaced if it is exhausted. The device also has an elegant and user-friendly interface, making it accessible to users of any level of experience.
The procedure for setting up the Keystone device is straightforward. The device first needs to be turned on, and then it scans a QR code with the device’s camera via the Keystone website to authenticate the device. After that, a password will be set and the terms of service are negotiated to. After this, the 24-word seed phrase is copied onto the booklet of seed phrases or a non-digital material. The seed phrase is vital for the security of the device therefore it is essential to ensure it’s safe and never taken by taking a picture or copied onto smartphones or computers.
Additionally, the device is also connected to the Keystone app that is available through 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 important to note that the device itself does not have internet connectivity. This extra layer of security ensures that the money is safe even in the event that the phone is compromised.
In the end we can say that the Keystone device is a safe and reliable hardware wallet that offers an easy-to-use air-gapped option. With support for a range of cryptocurrency as well as an open-source firmware and a user-friendly interface it’s a fantastic choice for institutions and individuals looking to keep your Bitcoin offline. Its focus on security as well as reliability and ease of use as well as its one-stop shop for everything crypto with support for 9 different currencies as well as 700 tokens and providing the ability to access an inbuilt DApp store makes it an excellent choice for anyone looking for an electronic wallet.