The cryptocurrency market has seen a rise in the number of physical wallets that are available that promise that your digital assets will be safe and safe. Ellipal is one of them. Ellipal wallet is a brand new player in the field and aims to stand out from the crowd by providing a completely isolated solution. In this article, we’ll take you on a closer look at the Ellipal wallet, the company behind it, and its features to help you determine whether it’s worth the money.
A hardware wallet is a gadget that keeps the private key to your digital assets offline to prevent hackers from stealing the funds remotely. The Ellipal wallet claims to be 100% secure because it is completely disconnected from any network or computer. It has no wired or wireless connectivity and instead, it communicates with QR codes via cameras on the rear of the wallet. The Ellipal wallet costs $149 and is fairly new to the market, meaning that it has not been battle-tested yet.
Ellipal, the company that developed the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The website of the company as well as online reviews claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of rival firms like TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private key. For example, even if it is possible to connect your TREZOR to a compromised computer which is infected by viruses, your private keys remain safe and safe.
Ellipal’s source code is partially available, and, as with Ledger and Ledger, they have the Github repository that showcases their Cross-chain wallet framework aswell the JS-Lib that allows any App developer to work with them. As a contrast, both of the leading hardware wallet companies currently (TREZOR as well as Ledger) possess a significant amount of their code on public repositories, making it simple to understand the security measures they have implemented.
The Ellipal wallet is currently compatible with a limited number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger.
The price tag of $149 of this Ellipal wallet is in line with other wallets, however it’s important to remember that it is a relatively new product that has not been tested for battle. If you compare it to TREZOR as well as Ledger wallets, which are on the market for longer and have a long-standing track record of security and reliability, the Ellipal wallet might not be the most value-for-money cash.
In the end it is clear that it is clear that the Ellipal wallet has been a new competitor in the hardware wallet market and promises to be 100% secure because of its complete isolation from any network or computer. Its creators are relatively new, and the product has not been test-driven yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is in line with other wallets. Although the concept of a totally isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other wallets prior to making a decision. In the end, the decision on whether or not the Ellipal product is worthy of the cost is entirely up to the user.