The world of cryptocurrency has seen a rise in the number of hardware wallets available on the market, each promising that your digital assets will be safe and safe. The Ellipal wallet is a brand new player in the field and aims to stand out from its competitors by offering an entirely separate solution. In this article, we’ll take you on a closer review of the Ellipal wallet as well as the business behind it and the features that it has to offer to help you decide whether it’s worth the money.
The hardware wallet can be described as a gadget which keeps the private keys for your personal digital accounts indefinitely to prevent hackers from stealing them remotely. The Ellipal wallet claims to be 100% secure since it is completely disconnected from any network or computer. This means that it is not wired or wireless connection and instead communicates through QR codes using cameras on the back of the device. The Ellipal wallet is priced at $149. It is fairly new to the market, meaning it isn’t battle-tested yet.
Ellipal The company behind the wallet’s hardware, is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The website of the company and its online reviews claim that their hardware wallet is 100% secure, however, it’s important to keep in mind that hardware wallets of competing companies such as TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised device that has been infected with viruses Your private keys are still safe and secure.
Ellipal’s source code is partially available, and, like Ledger the company has an Github repository available that shows their Cross-chain wallet framework as well the JS-Lib that allows any App developer to work with their framework. In comparison, both leading hardware wallet makers currently (TREZOR and Ledger) possess a considerable amount of their code stored on public repositories. This makes it easy to observe how they go about implementing security measures.
The Ellipal wallet is currently compatible with only a few coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger.
The $149 price tag of Ellipal wallet is a bargain. Ellipal wallet is comparable with its competitors, but it’s important to remember that it is a relatively new product and has not been tested in battle yet. When compared to the TREZOR as well as Ledger wallets, which are on the market longer and have a proven track performance in security and reliability, the Ellipal wallet isn’t the most value-for-money money.
In conclusion it is clear that it is clear that the Ellipal wallet is a fresh player on the hardware wallet market and promises to be 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s relatively new, and it hasn’t been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and the price of $149 is in line with other wallets. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal device is worthwhile for the cost is entirely up to the user.