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Cypherock
Cypherock provides the Cypherock X1, a hardware wallet designed to enhance crypto security by decentralizing private keys. It splits the key into five parts stored across a vault and four cards, eliminating single points of failure and the need for traditional seed phrase backups. The wallet supports a wide range of digital assets and offers features like inheritance, crypto swaps, and DeFi connectivity.
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Description
Cypherock has developed the Cypherock X1, a hardware wallet for digital assets that enhances security by decentralizing private keys using Shamir's Secret Sharing. The key is split into five parts across an X1 Vault and four X1 Cards, eliminating single points of failure and the need for seed phrase backups. A transaction requires tapping only one card on the vault. The wallet supports over 18,000 digital assets, including NFTs, and offers features like crypto swaps, non-custodial inheritance, and DeFi support via WalletConnect. It can also manage seed phrases from other wallets. The product's security has been audited by Keylabs and scrutinized by WalletScrutiny. Cypherock is backed by investors such as Consensys, Gnosis DAO, and Orange DAO, and targets crypto investors, traders, and HODLers who prioritize security.Grant Funding
VC Funding
None
2022
$0
$1M