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1  Local / India / [ANN] Cypherock X1 - 1st Made in India Hardware Wallet on: August 04, 2023, 07:22:49 AM
Cypherock is a company founded in 2019 to build India's 1st Hardware Wallet. Cypherock X1 is the 1st product released by the company.

Cypherock comes with 5 hardware components - 1 X1 Vault and 4 X1 Cards. The X1 Vault is the main computational device used to perform transaction signing and verification. It comes with a screen, 5-way joystick and connects through USB-C. The X1 Cards are same secure hardware used in the banking industry to make your debit cards and communicate with the X1 Vault through encrypted NFC. In order to perform a transaction, you need the X1 Vault and you just need to tap any X1 Card to authorize it.

Features
1. Unlike other hardware wallets, Cypherock X1 allows you to secure upto 4 seed phrases in the same product. You can protect each with a different PIN. Hence you can use one wallet for storing NFTs and maybe another wallet just for securing your valuable coins.
2. There is inherent protection against loss. As along as you have access to 2 out of the 5 components (either 2 X1 Cards, or 1 X1 Card and the X1 Vault), your assets are accessible. You can lose upto 3 components at the same time and still be sure that your assets are recoverable.
3. There is inherent protection against theft. For a hacker to compromise the assets, he will have to find the locations of atleast 2 out of the 5 components physically and then buypass the PIN protection on top of them individually, which is extremely difficult.
4. There are no seed phrase vulnerabilities. You are not required to backup your seed phrases on a piece of paper or a metal backup.
5. It supports more than 3000 digital assets.
6. It is the World's first sufficiently trustless wallet. Today, you have to trust your wallet provider that they will not push a malicious software update to your wallet that extracts out the private keys. In Cypherock X1, even if a developer pushes a malicious software update to the X1 Vault, they will not be able to compromise your private keys since your private keys are never stored as a whole on X1 Vault permanently. X1 cards are not upgradable once shipped to the users.
7. It is going to support a non-KYC inheritance service that will allow your assets to be recoverable by your loved ones without Cypherock ever in a position to compromise user's assets. More on this soon!
8. It is BIP39 compliant. Hence it is interoperable with your existing wallets.
9. It is made and shipped from India. Hence you don't need to pay customs for the product and you get local customer support.

Use Cases
1. Use it as a hardware wallet without needing to backup the seed phrase. You can read more here - https://cypherock.com
2. Use it as a seed phrase backup manager to secure the seed phrases of your other hardware and software wallets. You can always view the seed phrase of a particular wallet by tapping an X1 card on an X1 Vault and entering the PIN. You can read more here - https://cypherock.com/wallet-backup
3. You can view and manage all your other wallets' portfolio through a single app. You can read more here - https://cypherock.com/portfolio-management

Security
1. It is open-source - https://github.com/cypherock.
2. It is audited by Keylabs that have found vulnerabilities in Ledger and Trezor hardware wallets before - https://cypherock.com/keylabs.
3. X1 Cards have EAL 6+ certified secure elements. You can set a PIN protection on top of them.
4. X1 Vault have a dual chip architecture and uses ATECC608A secure element, the same secure chip used by Coldcard.
5. It is one of the few hardware wallets with a reproducible builds as verified by WalletScrutiny - https://walletscrutiny.com/hardware/cypherockx1.

For technical understanding of the working of the product, you can refer this thread - https://bitcointalk.org/index.php?topic=5459720.0

I would love to get the community's feedback on the same. Here is a coupon code for 10% off if someone wants to try it out - bitcointalk10
2  Bitcoin / Hardware wallets / Cypherock X1 - Shamir's Secret Sharing based Hardware wallet on: July 13, 2023, 08:52:55 PM
Cypherock X1 is a new kind of hardware wallet that never stores the master seed as a whole anywhere permanently eliminating most of the attack vectors associated with the current hardware wallets. Cypherock comes with 5 hardware components - 1 X1 Vault and 4 X1 Cards. The X1 Vault is the main computational device used to perform transaction signing and verification. It comes with a screen, 5-way joystick and connects through USB-C. The X1 Cards are Smartcards and communicate with the X1 Vault through encrypted NFC. Each of the 5 components store the 5 Shamir Shares individually. In order to construct back the master seed, you need the X1 Vault and any one of the X1 Card along with the PIN if set (2-of-5 Shamir's Secret Sharing).

https://imgur.com/a/HnYMQ7X

Product Features
  • It is BIP39 compliant wallet. Unlike other wallets, there is no need for the user to write the 24 recovery words or the seed phrase anywhere. Although there is still an option on the device to view the seed phrase through the device + card + PIN (if set)
  • No Single Point of Failure in private key storage as the private keys are never stored permanently in a single place giving it 10x more security than other hardware wallets.
  • Most of the hardware wallets today only allow the user to store one seed phrase 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 using the Cypherock X1 also as a seed phrase backup manager. You can protect each with a different PIN for each seed phrase. I have discussed about this use-case on this thread - https://bitcointalk.org/index.php?topic=5457147.0.
  • It is going to support a non-KYC inheritance service that will allow your assets to be recoverable by your loved ones without Cypherock ever in a position to compromise user's assets. More on this soon!
  • There is inherent protection against loss. As along as you have access to 2 out of the 5 components (either 2 X1 Cards, or 1 X1 Card and the X1 Vault), your assets are accessible. You can lose upto 3 components at the same time and still be sure that your assets are recoverable.
  • It is the most trust minimal wallet compared to the rest of the options today. Unlike the other popular wallets where the user needs to trust the manufacturer that they will not push a malicious software update. With Cypherock X1, there is an additional protection against this problem since the X1 Cards once shipped cannot be updated by us. Hence even if there is a malicious software update hypothetically, it could only compromise the device but never the cards.

Security
1. It is open-source - https://github.com/cypherock.
2. It is audited by Keylabs that have found vulnerabilities in Ledger and Trezor hardware wallets before - https://cypherock.com/keylabs.
3. X1 Cards have EAL 6+ certified secure elements. You can set a PIN protection on top of them individually.
4. X1 Vault have a dual chip architecture and uses ATECC608A secure element, the same secure chip used by Coldcard.
5. It is one of the few hardware wallets with a reproducible builds as verified by WalletScrutiny - https://walletscrutiny.com/hardware/cypherockx1.

Website - https://cypherock.com

This is in continuation to the thread - https://bitcointalk.org/index.php?topic=5429275.0. The OP of the thread has left the company.

Thanks @dkbit98 for supporting this.
3  Bitcoin / Hardware wallets / [ANN] Cypherock X1 - Hardware based Wallet Aggregator for your Crypto on: July 04, 2023, 01:02:49 PM
Cypherock is a company founded in 2019 to build the World's 1st Hardware Vault to protect your Crypto. Cypherock X1 is the 1st product released by the company. It uses Shamir's Secret Sharing coupled with tamper-resistant hardware to avoid single point of failure in private key storage.

Cypherock comes with 5 hardware components - 1 X1 Vault and 4 X1 Cards. The X1 Vault is the main computational device used to perform transaction signing and verification. It comes with a screen, 5-way joystick and connects through USB-C. The X1 Cards are Smartcards and communicate with the X1 Vault through encrypted NFC. Each of the 5 components store the 5 Shamir Shares individually. In order to construct back the master private key, you need the X1 Vault and any one of the X1 Card along with the PIN if set (2-of-5 Shamir's Secret Sharing).

Features
1. Unlike other hardware wallets, Cypherock X1 allows you to secure upto 4 seed phrases in the same product. You can protect each with a different PIN. Hence a Hardware Vault and not a Hardware Wallet.
2. There is inherent protection against loss. As along as you have access to 2 out of the 5 components (either 2 X1 Cards, or 1 X1 Card and the X1 Vault), your assets are accessible. You can lose upto 3 components at the same time and still be sure that your assets are recoverable.
3. There is inherent protection against theft. For a hacker to compromise the assets, he will have to find the locations of atleast 2 out of the 5 components physically and then buypass the PIN protection on top of them individually, which is extremely difficult.
4. There are no seed phrase vulnerabilities. You are not required to backup your seed phrases on a piece of paper or a metal backup.
5. It supports more than 3000 digital assets.
6. It is the World's first sufficiently trustless wallet. Today, you have to trust your wallet provider that they will not push a malicious software update to your wallet that extracts out the private keys. In Cypherock X1, even if a developer pushes a malicious software update to the X1 Vault, they will not be able to compromise your private keys since your private keys are never stored as a whole on X1 Vault permanently. X1 cards are not upgradable once shipped to the users.
7. it is going to support a non-KYC inheritance service that will allow your assets to be recoverable by your loved ones without Cypherock ever in a position to compromise user's assets. More on this soon!
8. It is BIP39 compliant.

Use Cases
1. Use it as a hardware wallet without needing to backup the seed phrase. You can read more here - https://cypherock.com
2. Use it as a seed phrase backup manager to secure the seed phrases of your other hardware and software wallets. You can always view the seed phrase of a particular wallet by tapping an X1 card on an X1 Vault and entering the PIN. You can read more here - https://cypherock.com/wallet-backup
3. You can view and manage all your other wallets' portfolio through a single app. You can read more here - https://cypherock.com/portfolio-management

Security
1. It is open-source - https://github.com/cypherock.
2. It is audited by Keylabs that have found vulnerabilities in Ledger and Trezor hardware wallets before - https://cypherock.com/keylabs.
3. X1 Cards have EAL 6+ certified secure elements. You can set a PIN protection on top of them.
4. X1 Vault have a dual chip architecture and uses ATECC608A secure element, the same secure chip used by Coldcard.
5. It is one of the few hardware wallets with a reproducible builds as verified by WalletScrutiny - https://walletscrutiny.com/hardware/cypherockx1.

I would love to get the community's feedback on the same. Here is a coupon code for 10% off if someone wants to try it out - bitcointalk10
4  Bitcoin / Hardware wallets / Shamir's Secret Sharing based Wallet - Cypherock X1 on: June 21, 2023, 10:54:19 PM
Cypherock X1 uses Shamir Secret Sharing along with distributed tamper-proof hardware storage used in the banking industry to prevent single point of failure with private key security. X1 has five components- 1 X1 Vault and 4 X1 Cards. Your Crypto seed phrases are distributed in these 5 components, such that you need any 2 out of those 5 to recover or even transact your Crypto assets. You can read more about using Cypherock X1 as seed phrase backup here - https://cypherock.com/wallet-backup

This is the product's 2nd use-case for people who already have a wallet setup for themselves and need a better way to manage their seed phrases, inheritance of their assets (soon) and aggregate their portfolio across the different wallets in one single place. You can learn how it works more here - https://www.cypherock.com/wallet-backup/how-it-works

The 1st use case of the product is a hardware wallet without seed phrase vulnerability. You can read about it more here - https://bitcointalk.org/index.php?topic=5459720.0

Product Features:

  • Allows you to secure 4 seed phrases with different PIN for each in a single product. Hence 1 Cypherock X1 is enough instead of buying 4 metal backups.
  • Open Source with secure elements both on the X1 Vault and the X1 cards. Source code - https://github.com/cypherock
  • Security Audit Completed by Keylabs.io without any major vulnerabilities found. Keylabs have found vulnerabilities in Ledger and Trezor before. Read more - https://cypherock.com/keylabs
  • Extra security over your seed phrases with a PIN protection on top of shamir shares stored on the hardware to protect against collusion
  • Use the same Cypherock X1 also to make emergency wallet transactions if needed. Read more - https://cypherock.com
  • It is BIP39 compliant. Hence compatible with the seed phrases of your favorite wallets like Ledger, Trezor, Coldcard, Foundation wallet etc.

I would love to get the community's feedback on the same. Here is a coupon code for 10% off if someone wants to try it out - bitcointalk10
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