Honest Rundown of Cypherock X1 Wallet
Cypherock X1 is the world's first seedless hardware wallet to exist allowing you the chance to decentralize your private key via a device and cards. Offering something a bit more different from what Ledger, Trezor, or SecuX for example has to offer. I Will give some of my overview and insight after testing out this wallet myself.
Cypherock X1 is a unique hardware wallet that is BIP39 compliant and does not require any form of seed phrase backup to be maintained by the user (although you still can if you want). Cypherock aims to promote freedom through the self-custody of funds by building a seamless wallet experience.
The current issues with key management pose massive barriers to adopting decentralized technologies. We believe digital assets will have exponentially more value in the future and that will just not be limited to Cryptocurrency. Our mission is to empower people to be self-sovereign and to have the same peace of mind and control with their crypto and personal data that they have (had) with their savings in the bank vaults.
Cypherock is open-source, audited by Keylabs, and has been scrutinized by Wallet Scrutiny.
- Read about Shamir's Secret Sharing technology here https://en.wikipedia.org/wiki/Shamir%27s_secret_sharing
- Check the Open Source page for Cypherock X1 here - https://github.com/Cypherock/x1_wallet_firmware
(Cypherock provided a free review copy for this Hardware Wallet)
