Cobo Wallet – Your All In One Cryptocurrency Wallet

Wallet Reviews / 19.06.2019

The financial payment system has advanced over the years in several milestones. About fifty years ago, there were introducing electronic payment systems such as Visa Card, MasterCard, etc. The rapid development of technology led to the invention of blockchain technology by a group or a person who is falsely yet famously known as Satoshi Nakamoto.

Over the years, many businessmen and women have shared concerns about the level of control that Centralized Institutions have over people’s funds. However, all the developments that have come down the line still fall under these same Centralized institutions’ jurisdiction till the development of Cryptocurrencies.

One of the major reasons hindering the global adoption of cryptocurrencies is the inadequate security provided to cryptocurrency users. Ever thought of a cryptocurrency wallet that allows you to increase your assets whiles holding it? All these and many more are provided with the use of the Cobo Wallet.

The Amazing Features of Cobo Wallet

Cobo Wallet has the core of its security feature being developed with Hardware Security Modules, which have been proven to resist unauthorized temperance or any form of breach. The HSMs model used by Cobo meets the FIPS Standards hence have the ability to provide maximum security to safeguard the funds of its users. The use of these HSM devices, which are distributed across the globe, splits the funds stored into cold and hot wallets, with the majority of the funds being stored on its Cold Wallet hence making it further impossible for hackers to have access to the funds of its users. Cobo Wallet is also built with advanced security tools such as Multi-Signature to prevent the rumors of exit scams that we hear occurring on some platforms.

Monitor and Grow Your Assets on Cobo Wallet

The huge difficulty with operating with Proof-of-Work (PoW) consensus protocol led to the development of Proof-of-Stake (PoS) protocol as pioneered by the DASH Ecosystem. PoS allows each contributor of the blockchain network earns passive income hence the greater adoption of this protocol other than the PoW. Over thousands of masternodes run in the cryptosphere, and crypto investors into any cryptocurrency stake their coins to earn block rewards.

Cobo Wallet is not just an ordinary wallet but the first of its kind in the cryptosphere to allow members to hold cryptocurrencies that use Proof-of-Stake (PoS) consensus mechanism on its wallet and earn passively from staking their coins. The days of having to download several cryptocurrency wallets would soon be over, and it’s starting with Cobo Wallet. Cobo Wallet as off now supports major cryptocurrencies such as DASH, PIVX, DCR, XZC, IoTeX, LBTC, ATOM, IOST, VET, etc. with plans of further expanding to other masternode coins.

Imagine all the hustle that some crypto enthusiasts have to go through downloading all these wallets and keeping them running to receive their staking rewards. Cobo Wallet takes away the pain of going through all of this and allows its users to stake all their cryptocurrencies on one device. Cobo Wallet can boast of a huge success of supporting over 30 blockchains and 700 tokens.

A Hub for Decentralized Applications

Decentralized applications as pioneered by the Ethereum blockchain have seen great success, and this has brought about the development of numerous decentralized applications. Dapps basically needs to connect with some Application Programming Interfaces (API) and blockchain networks to function properly without any central server’s control.

This is the beauty of Dapps, and Cobo Wallet has a fully built and functioning decentralized platform where crypto enthusiasts can develop software with ease. Cobo Wallet is supported by the two major mobile phone operating systems, Android and IOS. Developers who would also want to run their already developed decentralized application can contact the team for more information.

Closing Thoughts

Cobo Wallet provides maximum security to ensure that its users’ funds are kept beyond hackers’ reach and serve as a hub to allow crypto enthusiasts to run on its platform decentralized applications. Cobo Wallet goes beyond an ordinary wallet by also allowing cryptopreneurs the opportunity to stake different supported masternode coins on its platform and earn from their passive rewards. Hold, manage, and monitor your cryptocurrency portfolio all on one platform, and that is Cobo Wallet.

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Holds a degree in BSc. Nursing from the University of Cape Coast, Ghana yet an addict to the blockchain technology and the cryptosphere. He combines the promotion of crypto projects and also the making of professional contents all to get innovative projects to the real world. He is a passionate Community manager and a Marketing Advisor for blockchain startups.