The Keystone device, formerly known in the past as Cobo Wallet, is a hardware wallet that is gaining popularity among individuals and institutions who seek secure methods 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 focus on security along with reliability and comfort for its customers.
One of the most important characteristics of this Keystone device is its air-gapped option meaning that it doesn’t have be connected to any online device. This additional layer of security makes sure that the funds are safe from online threats like hacking or phishing. The device is also open-source, which means that the source code is accessible for inspection and review which further enhances its security. In addition, the device supports several cryptocurrencies, such as Bitcoin, Bitcoin Cash, Dash, Ethereum, EOS, Litecoin, Polkadot, Tether, and Tron, as well as several ETH, TRON, and EOS digital tokens.
The Keystone product is easy to use, thanks to its large display screen , which allows users to easily view all assets. The hardware of the device is more durable than its competitors, which means that it will last for many years. Furthermore, it has a detachable battery pack and this means the battery can be easily removed when it’s full. The device is also equipped with a sleek and easy-to-navigate interface that is accessible to users of all levels of experience.
The process of setting up the Keystone device is simple. The device must be turned on, and then a QR code is scanned by the camera through the Keystone website to authenticate the device. Next, a password is established and the conditions of service are agreed upon. The 24 words seed phrase is then written down on the seed phrase book or a non-digital material. This seed phrase is crucial to the security of the device, therefore it is essential to keep it secure and not taken as in a photo or written on smartphones or computers.
Finally, the device is connected to the Keystone app, which is available on the Apple App store or Google Play store. The app serves as an interface to approve and sign transactions, but it is important to note that the device itself does not have internet connectivity. This additional layer of security makes sure that the money is safe even if your smartphone is compromised.
In the end we can say that the Keystone device is a safe and robust hardware wallet that gives an easy-to-use air-gapped option. With support for multiple cryptocurrencies and an open-source firmware and a user-friendly interface it is a great option for institutions and individuals looking to keep the Bitcoin offline. The focus of the device is security as well as reliability and ease of use as well as its one-stop shop for all things 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 outstanding choice for anyone who is looking to purchase an electronic wallet.