The cryptocurrency market has seen an increase in the number of physical wallets on the market that promise that your digital assets will be safe and secure. It is the Ellipal wallet is a brand new player in this field It is aiming to differentiate itself from the rest by providing an unrivalled solution. In this post, we’ll look at a more in-depth look at the Ellipal wallet, the company behind it and its features to help you decide whether it’s worth investing in.
Hardware wallets are gadget which keeps the private keys to your digital assets indefinitely to prevent hackers from stealing the funds remotely. The Ellipal wallet claims to be 100% secure since it is completely disconnected from any network or computer. This means it has no wireless or wired connectivity, but instead communicates through QR codes using an image camera at the rear of the wallet. The Ellipal wallet costs $149 and is fairly new to the market, which means that it has not been tested in battle yet.
Ellipal, the company that developed the wallet’s hardware component is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews state they are completely secure, but it’s important to remember that hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no outside attacker can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that has been infected with viruses Your private keys will remain safe and safe.
Ellipal’s source code is only partially available, and, as with Ledger, they have the Github repository available that shows their Cross-chain wallet framework aswell in their JS-Lib, which is available to developers to develop apps with them. In comparison, both leading hardware wallet makers currently (TREZOR and Ledger) possess a considerable amount of their code on public repositories. This makes it simple to understand how they implement security measures.
The Ellipal wallet currently supports the following coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger.
The price tag of $149 of Ellipal wallet is a bargain. Ellipal wallet is comparable with the other wallets on the market, but it is important to note that it is a relatively new product and has not been battle-tested yet. In comparison to TREZOR or Ledger wallets that have been on the market longer and have a long-standing track performance in security and reliability, the Ellipal wallet may not be the most value-for-money money.
In conclusion, the Ellipal wallet is a new player in the hardware wallet market that claims to be completely secure due to its complete separation from any network or computer. The company behind it is relatively new, and it hasn’t been test-driven yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with its competitors. Although the concept of a fully exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other wallet options before making a choice. Ultimately, the decision of whether the Ellipal device is worthwhile for the price is entirely up to the person who purchases it.