Re: Introducing Cypherock X1, World's first hardware-based MPC Wallet
⭐ Merited by JayJuanGee (1)
Majority of the hardware wallets today only allow the user to store one seed phrase wallet per hardware. Cypherock X1 allows the user to store upto 4 different wallet seed phrases on a single Cypherock X1. Generate new wallets or use any of these 4 slots to backup your existing hardware and software wallets, thereby making them seedless too.
This really is an interesting concept compared to what other hardware wallet brands do. Instead of resetting to factory settings and recovering a different wallet from seed, users could simply switch between them and save plenty of time. But imagine how many different backups you would have to make and how many new physical locations you would have to keep them in if you started using 4 different wallets with their own unique seeds?3 backups per seed takes the total up to 12. Add passphrases to that mix (if you use them) and you will have to buy/rent more properties or get more friends and family.
