Hardware Wallet

Cypherock X1 is a first of its kind hardware wallet that offers decoupled storage of private keys separate from the offline X1 wallet. The private keys are never stored on the X1 wallet and never in a single place, which makes it more secure than a regular hardware wallet when it comes to making Blockchain transactions. The private keys are generated completely offline and then broken into 4 unique secrets, each of which is encrypted and stored on the EAL 6+ secure elements on the cyCard. To make a transaction, you just need to fetch and tap any 2 out of the 4 cyCards on the X1 wallet. This enables Cypherock X1 to offer security similar to that of offline multisig for all the Blockchains without the added complexity of multi-sig wallets.

No Single Point of Failure

Even if someone gets a hold of one of the cyCards, it is impossible for the hacker to get hold of the assets. To make a transaction, any 2 out of the 4 cyCards are tapped onto the X1 wallet. Following which, the private key is reconstructed in the X1 wallet and deleted as soon as the transaction is signed. The private keys are never permanently stored in the X1 wallet and hence there is no single point of failure in private key storage.

A Better Wallet Infrastructure

Multisig wallets provide great security for the safety of the funds by eliminating single point of failure. But it comes with its own risks due to its complex process. Additionally, not every Blockchain supports multi-sig today and even if it does, not every blockchain has a standard and battle-tested multisig implementation which has resulted in millions of dollars getting hacked in the past. On the other hand, single signature wallets store the private keys in a single place increasing the risks of theft and loss.
Cypherock X1, like multi-sig, does not store your private keys in a single place and like single-sig, is easy to use, supports every Blockchain and has a standard implementation for all the Blockchains.

Cryptocurrencies Supported

Bitcoin (BTC)
Ethereum (ETH)
Bitcoin SV (BSV)
Bitcoin Cash (BCH)
Vechain (VET)
Cardano (ADA)
Tron (TRX)
Dash (DASH)
Stellar (XLM)
Litecoin (LTC)
Ethereum Classic
Dogecoin (DOGE)
Tether (ERC20)
Chainlink (LINK)
0X (ZRX)
Maker (MKR)
Basic Attention Token (BAT)