The world of cryptocurrency has seen a rise in the number of physical wallets on the market, each promising that your digital assets will be safe and safe. It is the Ellipal wallet is the newest player in this field, and it is aiming to differentiate itself from the crowd by providing a completely isolated solution. In this article, we’ll take a close review of the Ellipal wallet, the company behind it and the features that it has to offer to help you determine if it’s worth the investment.
A hardware wallet is a device which keeps the private keys for your personal digital accounts indefinitely, preventing hackers from stealing them remotely. The Ellipal wallet claims to be 100% secure because it is completely unconnected to any computer or network. This means it is not wired or wireless connectivity and instead communicates via QR codes via an image camera at the rear of the wallet. The Ellipal wallet retails for $149 and is relatively new on the market, which means that it hasn’t been tested in battle yet.
Ellipal The company behind the wallet’s hardware component is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim they are 100% secure, however, it’s important to note that the hardware wallets of competing businesses like TREZOR and Ledger are made in a way that no one outside can access your private keys. For example, even if you connect your TREZOR to a compromised computer that is infected with viruses, your private keys are still safe and secure.
Ellipal’s source code remains partially accessible, and is like Ledger and Ledger, they have an Github repository which demonstrates their Cross-chain wallet framework as well the JS-Lib that allows developers to develop apps with them. As a contrast, both of the leading hardware wallet makers currently (TREZOR and Ledger) have a large quantity of their software in public repositories, which makes it easy to see the security measures they have implemented.
The Ellipal wallet supports the following coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is lower than the coins that its competitors support, TREZOR and Ledger.
The price tag of $149 of the Ellipal wallet is comparable with other wallets, however it’s important to keep in mind that it is a relatively new product that hasn’t been tested in battle yet. When compared to the TREZOR or Ledger wallets, which have been on the market for longer and have a proven track record of security and reliability, the Ellipal wallet isn’t the best value for your money.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a fresh competitor in the market for hardware wallets, promising to be 100% safe due to its total separation from any computer or network. Ellipal is a company that’s relatively new, and the product isn’t tested in battle yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is on par with other wallets. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the track record and security features of other hardware wallets prior to making a choice. In the end, the decision on whether the Ellipal device is worthwhile for the cost is entirely up to the user.