The world of cryptocurrency has seen an increase in the number of hardware wallets on the market that promise that your digital assets will be safe and safe. The Ellipal wallet is a new player in this field It will stand out from the crowd by providing an entirely separate solution. In this article, we’ll take you on a closer review of the Ellipal wallet and its company that makes it, and its features to help you determine whether it’s worth the money.
Hardware wallets are device which keeps the private keys to your digital assets offline, preventing hackers from stealing your data remotely. The Ellipal wallet claims to be 100% secure because it is completely isolated from any network or computer. This means that it does not have wired or wireless connectivity and instead communicates through QR codes using cameras on the rear end. The Ellipal wallet retails for $149 and is relatively new on the market, meaning it isn’t test-driven yet.
Ellipal The company behind the wallet’s hardware component is a relatively young competitor in the market. It raised $55K through the course of an Indiegogo campaign to fund its development. The website of the company as well as online reviews claim they are completely secure, however, it’s important to remember that hardware wallets of competing companies like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if you connect your TREZOR with a compromised system that has been infected with viruses Your private keys will remain safe and secured.
Ellipal’s source code is only partially available, and, similar to Ledger, they have a Github repository that showcases their Cross-chain wallet framework as well in their JS-Lib, which is available to any app developer to work with their framework. As a contrast, both of the leading hardware wallet companies currently (TREZOR as well as Ledger) possess a significant amount of their code stored on public repositories, making it easy to observe how they implement security measures.
The Ellipal wallet currently supports only a few coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger.
The price tag of $149 for Ellipal wallet is a bargain. Ellipal wallet is in line with other wallets, however it is important to note that it is a relatively new product and has not been battle-tested yet. In comparison to TREZOR and Ledger wallets, which are on the market longer and have a long-standing track record of security, the Ellipal wallet isn’t the most value-for-money money.
In the end, the Ellipal wallet has been a fresh player in the hardware wallet market that claims to be 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s new, and the product has not been tested in battle yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with other wallets. While the idea of a completely isolated hardware wallet is intriguing however, you should consider the track record and security features of other hardware wallet options before making a decision. The final decision on whether the Ellipal wallet is worth the cost is entirely up to the person who purchases it.