The cryptocurrency market has seen an increase in the number and variety of hardware wallets available on the market all promising to keep your digital assets safe and safe. It is the Ellipal wallet is the newest player in this field, and it aims to stand out from the rest by providing a completely isolated solution. In this post, we’ll look at a more in-depth look at the Ellipal wallet as well as its company that makes it, and the features that it has to offer to help you determine whether it’s worth investing in.
A hardware wallet is a device that stores the private key to your digital assets offline to prevent hackers from stealing your data remotely. The Ellipal wallet is 100% secure because it is completely disconnected from any computer or network. It has no wireless or wired connectivity, but instead communicates via QR codes through an image camera at the rear of the wallet. The Ellipal wallet is priced at $149. It is relatively new on the market, which implies it isn’t test-driven yet.
Ellipal The company behind the hardware wallet is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews claim the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of competing firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. In the event that, for instance, you connect your TREZOR with a compromised system that has been infected with viruses, your private keys remain safe and secured.
Ellipal’s source code is only partially open, and similar to Ledger the company has a Github repository that showcases their Cross-chain wallet framework as well the JS-Lib that allows developers to develop apps with the framework. In comparison, both leading hardware wallet companies today (TREZOR as well as Ledger) possess a significant amount of their code stored on public repositories. This makes it easy to see how they implement security measures.
The Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger.
The $149 price tag to purchase this Ellipal wallet is in line with other wallets, however it’s important to keep in mind that it is a relatively new product and has not been battle-tested yet. When compared to the TREZOR as well as Ledger wallets that are on the market for longer and have a proven track performance in security The Ellipal wallet may not be the best value for your money.
In the end, it is clear that the Ellipal wallet is a brand new player in the market for hardware wallets, promising that it is 100% secure due to its complete separation from any network or computer. Ellipal is a company that’s new, and it hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins, and its price tag at $149 is comparable with other wallets. While the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallets prior to making a decision. The final decision on whether or not the Ellipal product is worthy of the cost is entirely up to the user.