In brief
- The Cypherock X1 employs a shard-based recovery model in which the private key is split across multiple cards with secure elements.
- The cards and the X1 Vault hardware wallet employ secure elements with EAL6+ certification.
- Any two components in the system can be used to recover the private key.
The Cypherock X1 is something of a newcomer in the crypto hardware wallet space, with an open beta in 2022 ahead of its full launch in 2023.
With an unusual joystick-based control setup, and promises of super-secure self-custody thanks to its NFC based cards and shard-based security model, the X1 has a lot to live up to as it tries to muscle in on a market dominated by wallets like the Ledger Nano X and the Trezor Safe 5. In this review,…