The world of cryptocurrency has seen an increase in the number of physical wallets on the market, each promising to keep your digital assets safe and safe. The Ellipal wallet is a new player in the field and aims to stand out from the rest by providing a completely isolated solution. In this article, we’ll take you on a closer review of the Ellipal wallet and the company behind it and the features it offers to help you determine whether it’s worth investing in.
The hardware wallet can be described as a device which keeps the private keys for your personal digital accounts off-line to prevent hackers from stealing the funds remotely. The Ellipal wallet promises to be 100% secure as it is completely unconnected to any network or computer. It has no wired or wireless connection and instead communicates through QR codes through a camera on the rear of the wallet. The Ellipal wallet is priced at $149. It is relatively new to the market, meaning that it has not been test-driven yet.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The website of the company as well as online reviews claim they are completely secure, however, it’s important to remember that hardware wallets from rival companies such as TREZOR and Ledger are also designed in a way that no outside attacker can view your private key. In the event that, for instance, the TREZOR is connected TREZOR to a compromised system which is infected by viruses Your private keys will remain safe and secure.
Ellipal’s source code remains partially available, and, similar to Ledger and Ledger, they have a Github repository available that shows their Cross-chain wallet framework aswell the JS-Lib that allows any app developer to work with them. For comparison, both major hardware wallet makers today (TREZOR and Ledger) possess a significant quantity of their software on public repositories. This makes it easy to see the security measures they have implemented.
The Ellipal wallet currently supports only a few coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is lower than the amount of coins supported by its competitors, TREZOR and Ledger.
The price tag of $149 to purchase this Ellipal wallet is in line with the other wallets on the market, but it’s important to remember that it is a relatively new product that has not been tested for battle. When compared to the TREZOR as well as Ledger wallets that are on the market for longer and have a proven track history of security and reliability, the Ellipal wallet might not be the best value for your cash.
In conclusion it is clear that the Ellipal device is an fresh player on the hardware wallet market and promises that it is 100% safe due to its total isolation from any computer or network. Its creators are new, and the product has not been test-driven yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price of $149 is on par with the other options. Although the concept of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other wallets prior to making a choice. Ultimately, the decision of whether the Ellipal product is worthy of the cost is entirely up to the user.