- Every Current Generation Wallet is Physically Hackable — Current Wallets store your private keys in a single place that can be stolen with the right resources.
- Recovery Sheets Exposes Your Crypto to Hacks & Thefts — Your seed phrases on the paper expose your crypto in plain sight and may result in trust issues, hacks, thefts, fire, earthquake, eternal fear of loss and so on.
- Inheritance Problem With Crypto Today — You have to safeguard your Crypto while you are alive and only transfer them after you are gone which is impossible if you are the only one knowing your keys while maintaining privacy and control.
Introducing Cypherock X1
- X1 Wallet
3 Layers Of Security
- Layer 1 — Shamir’s Secret Sharing allows recovery of the Private Keys from any M out of N cards where 2 < M < N. It protects against a single point of failure. It is used by Coinbase & Winklevoss Brothers to Secure Their Own Assets.
- Layer 2 — PIN Protection on top of each Card guards each secret to prevent guardians colluding against the user & exposure of Private Keys in plain sight.
- Layer 3 — Decentralised distribution through physical separation of cards protects against environment damages and solves $5 Wrench Attacks.
- Multi-layered Protection & Secure Hardware Provides Better Security Than All of the Current Hardware Wallets.
- Decoupled Architecture Allows Code to Be Open-Sourced & Protect Against Physical Attacks Simultaneously.
- Ability to Secure Multiple Wallets in One Hardware Makes Backing Them Up & Making Transactions from Different Wallets Hassle-Free.
- Offline & Internet-Independent Functioning allows Full Privacy.
- Decentralized Cryptography Allows Off-Chain Computation which Gives Users The Control of Their Assets.
1. Use It For Ultimate HODLing
Why Use It Over Other Wallets?
Every Hardware Wallet is Physically Hackable with the Right Resources (Eg- Trezor Hack). Cypherock X1 solves this problem by never storing the Blockchain private keys in a single place.
Cypherock X1 offers off-chain multisig like transactions for all the coins. Unlike complex on-chain multisig wallets, it is easy to use, supports every Blockchain, and has a standard implementation for all the Blockchains. Since the process is off-chain, it can itself be used in a multisig setting if need be.
Cypherock X1 uses EAL 6+ secure elements to secure private keys without a single point of failure. Even the most secure hardware wallets today use EAL 5+.
Unlike other hardware wallets where you get one wallet per hardware, you can create 3 different wallets in a single Cypherock X1. Hence, you can make transactions through up to 3 different wallets in a single device.
2. Use It As Ultimate Wallet Backup
Why Use It Over Other Backup Solutions?
Cypherock X1 can be operated using any power source. Because backing up a wallet is not dependent on an internet network, you can secure and recover your seed phrase using any power source.
Due to the tangible nature of the cyCards, you can either give the card to someone to protect it for you or keep it in a safe place. Even if a guardian or a group of guardians come together and try to comprise the private keys, it is almost impossible to steal your assets without your PIN.
Cypherock X1 is compatible with every type of wallet be it a hardware, software, or an online wallet. Cypherock X1 is an HD BIP-39 compatible wallet that supports 12/24 words mnemonic phrases.
Cypherock X1 allows backing up to 3 wallets in single hardware with the same level of security for all the wallets.