Cobo Cryptocurrency Multi-Asset Blockchain Wallet Features
Like many blockchain wallets, security seems to be the top priority of Cobo in creating their storage application. Citing both proprietary technologies and a sophisticated, experienced security team, Cobo makes the case that their wallet is safe and secure in both hot and cold wallet conditions. Next, the company emphasizes the Cobo wallet’s efficiency and technological sophistication as a reason for its dominance. They reference “intelligent algorithms” that chart and apply the lowest fees possible for transfers on the blockchains. Additionally, free transfers to other Cobo wallets further incentivize trading on the Cobo blockchain.The final major feature of the Bobo wallet system is the versatility of its algorithm for holding different forms of currency. Though most cryptocurrencies are supported on the current system, the company promises that its engineers are working to integrate the currencies that are not currently supported by the wallet for storage.
COBO Wallet Conclusion
The modern era demands increasingly efficient and versatile wallets to hold cryptocurrencies. Cobo has stepped up to the plate to offer several unique features in their innovative wallet. In particular, the company’s offering of multiple cryptocurrencies on a lightning-fast transfer system highlights the wallet’s efficiency. Additionally, the mobility of their application sells the product as an easy way to transfer and to hold cryptocurrencies like Bitcoin on the go.But some things inherent to the Cobo wallet promise have yet to be expanded. New teams of engineers are currently working to integrate additional cryptocurrencies onto the supported currency list for the program, and it is clear that more updates on the status of this changing product are yet to come.
2FA, HSM Encryption Supported
The Cobo wallet has support for two-factor authentication (2FA), hot-cold servers, and uses hardware security module (HSM) encryption - which makes use of a physical computing device to securely manage digital cryptographic keys.The Cobo Vault is currently available only via pre-order on Indiegogo, an international crowdfunding website. According to its designers, the $479 Cobo Vault aims to protect users’ digital assets from vulnerabilities and “physical tampering” by using specialized hardware/software/firmware features which are “BIP (bitcoin improvement proposal) 32, 39, 44 compliant.”
Cobo Vault Features, Specifications
The Cobo Vault's main features and specifications include:- 4-inch LCD display w/ IP68 waterproof rating,
- Rugged, IK10 and MIL STD-810G certified, brushed aluminum case (reportedly “withstands a car driving over it”),
- Extra hardware security that “instantly triggers a self-destruct mechanism wiping all stored private keys and data in the event of an attempt to physically force open its body”,
- Bank-grade encryption chip (“designed from scratch, keeping private keys stored in the encryption chip at all times”),
- Transactions on Cobo Vault are conducted over the air by scanning a dynamically changing QR code
Notably, Cobo may not be available in all US states and various other jurisdictions due to regulatory restrictions and/or there may be “pending necessary regulatory approvals.”
Let's Get Social - Connect With Cobo Wallet
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https://cobo.com/
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https://medium.com/cobowallet
https://t.me/cobowallet
ANN: https://bitcointalk.org/index.php?topic=5129263
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