The world of cryptocurrency has seen a rise in the number of hardware wallets available on the market all promising to keep your digital assets safe and secure. The Ellipal wallet is a brand new player in the field, and it will stand out from its competitors by offering a completely isolated solution. In this post, we’ll look at a closer review of the Ellipal wallet, its company that makes it and the features it offers to help you determine if it’s worth the investment.
The hardware wallet can be described as a gadget that keeps the private key to your digital assets off-line to prevent hackers from stealing your data remotely. The Ellipal wallet promises to be 100% secure since it is completely isolated from any computer or network. This means that it is not wireless or wired connectivity, but instead, it communicates with QR codes through a camera on the back of the device. The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it hasn’t been test-driven yet.
Ellipal, the company that developed the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state they are 100% safe, however it is important to remember that hardware wallets of rival businesses like TREZOR as well as Ledger are made in a way that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR to a compromised computer that is infected with viruses, your private keys remain safe and safe.
Ellipal’s source code is only partially available, and, as with Ledger the company has the Github repository that showcases their Cross-chain wallet platform as well as their JS-Lib for developers to develop apps with them. In comparison, both leading hardware wallet makers currently (TREZOR as well as Ledger) have a large quantity of their software in public repositories, which makes it easy to see how they go about implementing security measures.
The Ellipal wallet currently supports only a few coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger.
The price tag of $149 for the Ellipal wallet is comparable with its competitors, but it’s important to keep in mind that it is a relatively new product and has not been tested for battle. When compared to the TREZOR or Ledger wallets that are available for longer and have an established track history of security, the Ellipal wallet isn’t the best value for cash.
In conclusion In conclusion, the Ellipal device is an brand new competitor in the hardware wallet market, promising to be completely safe due to its total separation from any network or computer. Ellipal is a company that’s relatively new and the product has not been test-driven yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is on par with its competitors. While the idea of a totally isolated hardware wallet is intriguing, it’s important to consider the security and track record features of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the cost is entirely up to the user.