The Keystone device, previously known in the past as Cobo Wallet, is a hardware wallet that is growing in popularity with institutions and individuals who are looking for safe ways to store their cryptocurrencies. 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 as well as reliability and ease of use for its customers.
One of the main advantages of the Keystone device is its air-gapped capability, which means that it doesn’t have be connected to any internet-connected device. This added layer of security guarantees that your money is safe from online threats such as hacking or the phishing attack. The device is also open-source this means that the code is publicly accessible for scrutiny and review and further enhancing the security of the device. Additionally, the device supports various cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether and Tron along with various ETH, TRON, and EOS digital tokens.
The Keystone product is very easy to use, with a large display screen , which allows users to easily view all assets. Its hardware is more durable than its competitors, ensuring that it will last a long time. Furthermore, it has a battery pack that can be removed, which means that the battery can be quickly replaced if it is exhausted. The device also has an elegant and user-friendly interface, making it suitable for users of all experience levels.
The procedure for setting up keystone Keystone device is simple. The device first needs to be switched on and it scans a QR code using the camera of the device through the Keystone website to authenticate the device. Next, a password is established and the conditions of service are negotiated to. Following this, the 24 words seed phrase is then copied onto the booklet of seed phrases or another non-digital media. This seed phrase is essential to the device’s security, therefore it is essential to ensure it’s protected and never used to take a picture or typed onto smartphones or computers.
The device is connected to the Keystone app that is available through the Apple App store or Google Play store. This app acts as an interface to approve and sign transactions, but it is vital to keep in mind that the device itself is not connected to the internet. This added layer of security guarantees that the money is safe even if the smartphone is compromised.
In the end we can say that the Keystone device is a safe and solid hardware wallet that provides an air-gapped solution that is easy to use. With support for a range of cryptocurrency as well as an open-source firmware and a user-friendly interface, it is a great option for individuals and institutions looking to keep the Bitcoin offline. The focus of the device is security, reliability, and convenience as well as its one-stop shop for everything crypto by supporting 9 different coins as well as 700 tokens and offering the ability to access an inbuilt DApp store makes it an outstanding option for anyone who is looking for a hardware wallet.