IANS | 30 Dec, 2023
Cypherock, the pioneering web3 security startup, on Friday announced
that its groundbreaking product, the Cypherock X1 hardware wallet, has
been awarded an exceptional rating of 4.8/5 by Coin Bureau, the foremost
influencer in the web3 and blockchain space.
This achievement marks the highest rating ever bestowed by Coin Bureau upon a cold wallet.
"Cypherock
X1 is a hardware wallet employing encrypted NFC-based cards to store
users' private keys and seed phrases. It offers an industry-leading
secure option for those looking to protect their assets and mitigate the
risks associated with seed phrases. With portfolio management and the
ability to act as a seed phrase vault for up to 4 wallets, the Cypherock
is one of the most secure wallets we've reviewed," said Coin Bureau.
Established
in 2019 by Rohan Agarwal and Vipul Saini, Cypherock is on a mission to
empower individuals with self-sovereignty, offering unprecedented
control over their Cryptocurrencies and digital assets like NFTs.
The
Cypherock X1, designed to revolutionise private key management,
addresses the core challenges faced by current crypto wallet solutions.
"We
are honoured to receive this exceptional rating from Coin Bureau. It
validates our relentless pursuit of excellence in redefining crypto
security and empowering individuals with true self-sovereignty. We are
also proud to be a part of the 'Make in India' initiative, showcasing
the innovation and quality that India brings to the global tech
landscape," said Agarwal.
Cypherock X1 is an open-source hardware
wallet for secure crypto storage, embracing transparency and providing
users access to the codebase for scrutiny and verification. The wallet
underwent rigorous audits by leading security firms KeyLabs and
WalletScrutiny, cementing its position as the world's best hardware
wallet for crypto storage.
The Cypherock X1 cold wallet eliminates
risks associated with seed phrase backups, offering enhanced security
against potential vulnerabilities or a single point of failure.
With Cypherock X1, there’s no need for a seed phrase backup like metal or paper backups.
Users
can import seed phrases of up to four wallets and use Cypherock X1 as a
seed phrase backup. Not only this, users can also manage portfolios of
all these wallets in a single app designed and developed by Cypherock.
With a user-friendly interface, the Cypherock X1 hardware wallet is accessible to both beginners and experienced users.
Emphasising
the Coin Bureau rating, and security audit by Keylabs as testaments to
their commitment to security, Saini stated, "Our mission is to empower
individuals with control over their crypto assets and personal data, and
hardware wallets like Cypherock X1 are a crucial step towards achieving
that goal".
The Cypherock X1 features EAL6+ security
certification with dual-chip architecture, an OLED display, and a
joystick for offline transaction verification, ensuring bank-grade
security. The wallet seamlessly integrates with WalletConnect,
facilitating connections with favourite dApps for DeFi activities.