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The world of cryptocurrency has seen an increase in the number and variety of hardware wallets on the market that promise to keep your digital assets safe and secure. It is the Ellipal wallet is a brand new competitor in this space, and it aims to stand out from its competitors by offering an unrivalled solution. In this post, we’ll look at a closer review of the Ellipal wallet as well as the business behind it and its features to help you decide whether it’s worth the money.

The hardware wallet can be described as a device that keeps the private key of your financial assets offline and prevents hackers from taking your data remotely. The Ellipal wallet is 100% secure since it is completely unconnected to any network or computer. This means that it has no wired or wireless connectivity and instead communicates via QR codes via a camera on the back of the device. The Ellipal wallet retails for $149 and 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 competitor in the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The website of the company as well as online reviews state the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no outside attacker can access your private keys. For example, even if the TREZOR is connected TREZOR to a compromised computer that has been infected with viruses, your private keys are still safe and secure.

Ellipal’s source code remains partially available, and, similar to Ledger, they have an Github repository which demonstrates their Cross-chain wallet framework as well in their JS-Lib, which is available to developers to develop apps with them. For comparison, both major hardware wallet companies today (TREZOR and Ledger) are both able to have significant quantity of their software on public repositories, making it simple to understand how they go about implementing security measures.

The Ellipal wallet currently supports only a few coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is lower than the coins that are supported by its rivals, TREZOR and Ledger.

The $149 price tag of Ellipal wallet is a bargain. Ellipal wallet is in line with its competitors, but it’s important to remember that it’s a new product that hasn’t been tested in battle yet. If you compare it to TREZOR as well as Ledger wallets that are available longer and have an established track record of security and reliability, the Ellipal wallet isn’t the most value-for-money budget.

In conclusion In conclusion, the Ellipal device is an new competitor in the hardware wallet market and promises that it is 100% secure because of its complete separation from any computer or network. Its creators are relatively new and it hasn’t been test-driven yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price at $149 is comparable with its competitors. While the idea of a totally separated hardware wallet sounds appealing but it’s crucial to look at the security and track record features of other hardware wallets before making a decision. The final decision on whether the Ellipal wallet is worth the price is entirely up to the person who purchases it.