The world of cryptocurrency has seen an increase in the number and variety of hardware wallets on the market, each promising to keep your digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in this space and aims to stand out from the rest by providing a completely isolated solution. In this article, we’ll take a more in-depth look at the Ellipal wallet, the business behind it and the features that it has to offer to help you determine whether it’s worth investing in.
The hardware wallet can be described as a gadget that keeps the private key to your digital assets offline and prevents hackers from taking your data remotely. The Ellipal wallet promises to be 100% secure because it is completely disconnected from any network or computer. It has no wired or wireless connection and instead communicates via QR codes via cameras on the rear of the wallet. The Ellipal wallet is priced at $149. It is relatively new on the market, meaning that it hasn’t been test-driven yet.
Ellipal The company behind the wallet’s hardware component, is a relatively new player in the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The company’s website and online reviews state the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets of competing companies such as TREZOR as well as Ledger are also designed in a way that no outside attacker can access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised device that is infected with viruses your private keys are still safe and secured.
Ellipal’s source code is only partially accessible, and is as with Ledger the company has the Github repository available that shows their Cross-chain wallet framework aswell the JS-Lib that allows any App developer to work with their framework. For comparison, both major hardware wallet manufacturers currently (TREZOR and Ledger) possess a significant quantity of their software on public repositories, making it easy to see how they implement security measures.
The Ellipal wallet is currently compatible with the following coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins that its competitors support, TREZOR and Ledger.
The price tag of $149 for Ellipal wallet is a bargain. Ellipal wallet is comparable with other wallets, however it’s important to remember that it’s a new product that hasn’t been tested for battle. If you compare it to TREZOR as well as Ledger wallets, which are available for longer and have an established track history of security The Ellipal wallet isn’t the best value for budget.
In conclusion it is clear that it is clear that the Ellipal wallet has been a new player in the market for hardware wallets that claims that it is 100% secure because of its complete isolation from any computer or network. Its creators are new and it hasn’t been test-driven yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with other wallets. While the idea of a fully isolated hardware wallet is intriguing, it’s important to consider the track record and security measures of other wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is entirely up to the user.