Indian-Made Blockchain Cold Wallet Achieves Highest Ratings

Indian-Made Blockchain Cold Wallet Achieves Highest Ratings

Cypherock, the leading web3 security startup, proudly reveals the Cypherock X1 hardware wallet earning an outstanding 4.8/5 rating from the influential Coin Bureau. Established in 2019 by Rohan Agarwal and Vipul Saini, this indian-made blockchain Cypherock aims to empower individuals with self-sovereignty, providing unparalleled control over Cryptocurrencies and digital assets, including NFTs. The revolutionary Cypherock X1 addresses key challenges in private key management, setting a new standard in crypto wallet solutions.

The Cypherock X1, proudly crafted in India, emerges as a distinctive hardware wallet, showcasing India’s prowess in the electronics and technology sector. This achievement holds particular significance in an industry where only a limited number of global electronic devices proudly bear the label “Made in India.”

Indian-Made Blockchain : Cypherock X1

The Cypherock X1, an open-source hardware wallet designed for secure crypto storage, prioritizes transparency by allowing users access to its codebase for scrutiny. It has undergone comprehensive audits by leading security firms KeyLabs and WalletScrutiny, solidifying its status as the world’s premier hardware wallet for crypto storage. This cold wallet eliminates risks tied to seed phrase backups, enhancing security against potential vulnerabilities or a single point of failure. The Cypherock X1 doesn’t require traditional seed phrase backups on metal or paper; however, users can still extract their recovery phrase in emergencies, ensuring access to their funds. Importantly, users can import seed phrases from up to four wallets and utilize the Cypherock X1 as a seed phrase backup, managing portfolios for all these wallets in a single, user-friendly app developed by Cypherock. This makes the Cypherock X1 hardware wallet accessible to both beginners and experienced users alike.

Utilizing Shamir Secret Sharing, the Cypherock X1 wallet elevates private key security by dispersing cryptographic components across four X1 cards and one vault device. To initiate transactions, users can retrieve any one of their four X1 cards and tap it on the vault device, ensuring that the loss of one or two components does not jeopardize funds. With EAL6+ security certification, dual-chip architecture, OLED display, and a joystick for offline transaction verification, the Cypherock X1 guarantees bank-grade security. Furthermore, the wallet seamlessly integrates with WalletConnect, enabling easy connections with favorite decentralized applications (dApps) for various DeFi activities.

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