A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Cobo Wallet, the world's leading crypto-purse company that offers Proof-of-Stake (PoS) rewards and custom workshops for custom properties, enabling users to easily increase their digital assets has arrived.
"With the skyrocketing value, Cryptocurrencies are resulting in a stir. This has even lead to the demand for Blockchain wallets which is increasing every day. According to the Statista, by the end of 2017, over 21 million users were reported to be making use of the wallets for transactions of their digital currencies.
As these wallets are covered in an intuitive interface for users, they also have a compound functioning at the backend. This has actually resulted in curiosity in a number of people that how exactly these Blockchain powered wallets work, how safe are the transactions made with these wallets, how and where the digital currencies are stored in it, and so on"
With that being said, Cobo Wallet has built-in features such as: increasing your wealth, as well as affordable integration with a variety of other Dapps applications necessary for your life activity.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is Cobo Wallet?
As depicted above and as indicated on the official website of Cobo Wallet, Cobo Wallet is the world's leading crypto-purse company that offers Proof-of-Stake (PoS) rewards and custom workshops for custom properties, enabling users to easily increase their digital assets.
In addition, COBO is definitely a pioneer in the development of similar products. It seeks to improve the current state of the market and is aimed at the rapid construction of the world-wide industrial industry. The team thinks its fans as the key to success.
As a company, Cobo emphasizes long-term security, reliability, and convenience. The key products and services reflect that vision. Altogether, Cobo offers a secure mobile wallet (Cobo Wallet), high-end cold storage wallet for advanced users (Cobo Vault), and custodial services for institutional investors.
With support for over thirty different coins, 500 tokens, and an integrated DApp store along the way, Cobo aims to be a one-stop shop for everything crypto.
The Impending Challenge
Poor security practises are certainly to blame to some extent. Despite overall awareness about the need for rugged cybersecurity many companies, and even government agencies, fail to keep their systems updated, patched and secured. The reasons for it are often miniscule: a single employee failing to update their computer system can put the entire network at risk.
At its core the problem lies in centralisation. Data that is stored in one central point is far more vulnerable to being compromised, which is exactly the opposite to how blockchain technology is built. By being a ledger of information that is distributed across various a P2P network, blockchain ensures the security of data by not having a single point of failure. A hacker would need to attack countless devices at once to collect little bits of data and put them altogether, it is simply not feasible nor possible. Furthermore, decentralisation ensures that even if one of these devices fails, all of the data remains secure elsewhere. This resilience and security have become some of the hallmarks of why blockchain technology is so revolutionary.
Cobo, a Beijing-based e-wallet startup, has raised $ 13 million Series A to enter the new universal market. The round is driven by DHVC and Wu Capital, a family office situated in China. Cobo plans to grow in the United States and Southeast Asia, particularly Vietnam and Indonesia. Cobo is at present tolerating pre-orders for Cobo Vault, an equipment wallet (presented over) that he professes to be the military evaluation. Cobo’s Series A conveys an aggregate of up to 20 million USD to date.
Cobo Wallet enables clients to store both stock and proof stocks. One motivating force for individuals to pick applications on contenders is the capacity to bunch proof resources with different clients so they can build the odds of misusing and approving new squares on the blockchain. Since its introduction not long ago, Cobo said its e-wallet has pulled in excess of 500,000 clients.
About The Unique Features of Cobo Wallet;
All in one app
If the future user is looking for an application that offers safe storage, sales, purchases, exchanges of cryptocurrencies, and the most interesting, non-growth of the volumes of their cryptoactive assets through reliable storage.
Reliability and security of the wallet
The company is counting on a permanent and loyal user. Therefore, she is interested in ensuring that users' incomes grow safely and with minimal hassle.
The project offers on its site the most advanced management and entertainment products
These are tools for POS support, an app store, an SDK application, and more.
Improving the welfare of its users
Since the company offers modern means of investing in cryptocurrency, the welfare of users will increase depending on the state and amount of savings in their accounts.
Introducing The World's First Military Grade Cryptocurrency
Please check out this video presentation below to get even more acquainted
It will be a full-fledged device in safety class close to the devices intended for use in military field conditions. It will comply with the US military standard MIL-STD-810G with IP68 with a waterproof rating of IK9 certification .
Security next generation wallet. Patented banking-grade encryption chip with a specialized firmware that complies with the BIP 32, 39 and 44 protocols . This all ensures the permanent storage of the user's personal key in the encryption chip.
The wallet will support secure data transfer. Hacker attacks on all types of networks will be completely blocked. The wallet supports many popular cryptocurrencies. Such as BTC, ETH, BCH, DASH, LTC, ETC, TRX, EOS and ETH, TRX, EOS tokens . Also for the choice of design will be offered various types of enclosures.
Cobo Wallet is a new generation of hardware wallets that meet all military standards and is also waterproof.
The protection of all internal and external transactions eliminates any external contact with the WiFi / Bandwith / NFC / Bluetooth network. In order to exclude any external attempts to intercept your data.
Cobo Wallet is equipped with the most powerful encryption chip used in banking adapted firmware and complies with all security protocols.
Cobo Wallet possesses powerful web authentication, due to which it has the ability to almost instantly prevent hacker supply chains.
The security of the hardware wallet case itself, which is provided for 360 degrees from any mechanical break-ins and damage.
The Cobo Wallet has a self-destruct function, after which the fraudster or the thief can no longer get any data to your digital assets.
Joining all these advantages is also a TF card and multi-signature, built-in for an additional level of security. The developers tried to dump and created a one-of-a-kind Cobo Wallet.
WHY YOU SHOULD CHOOSE COBO WALLET?
Secure your crypto assets with our world-class, institutional-grade custodial solution, incorporating HSM signing, hot/cold storage, and multi-signature transactions.
Seamlessly support 30+ main chains and 700+ tokens in your apps with minimal development required. Integration can be as easy as changing one line of code.
Optimized for several business use cases, including exchanges, payment startups, funds, lending platforms, Dapps, and other token projects.
Manage your risk controls (e.g., spending limits, whitelists, multi-approval transactions) and centralize business data through our intuitive web interface.
In a nutshell, the startup was founded last year by CEO Shixing Mao, who is known as Discus Fish in the cryptic community, and CTO Changhao Jiang, a former platform engineer at Facebook and Google, co-founder of Bihang, a wallet Discus Fish was acquired by OKCoin in 2013. Discus Fish, meanwhile, is known for launching F2Pool, China's first mining tank.
Cobo Vault, meeting US military MIL-STD-810G military standards for equipment, Cobo's hardware head, Lixin Liu, added that it was built with specially created proprietary software. for device. Military grade and aluminum encoder chips.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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ANN THREAD: https://bitcointalk.org/index.php?topic=5129263
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.