The world of cryptocurrency has seen an increase in the number of physical wallets available on the market that promise that your digital assets will be safe and secure. The Ellipal wallet is the newest player in the field, and it will stand out from the rest by providing an unrivalled solution. In this post, we’ll look at a more in-depth review of the Ellipal wallet and the company behind it and the features that it has to offer to help you determine if it’s worth the investment.
Hardware wallets are device that keeps the private key for your personal digital accounts indefinitely, preventing hackers from stealing them remotely. The Ellipal wallet promises to be 100% secure as it is completely disconnected from any network or computer. It is not wired or wireless connection and instead communicates through QR codes through cameras on the rear end. The Ellipal wallet costs $149 and is fairly new to the market, which means it isn’t tested in battle yet.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The company’s website and reviews online claim they are 100% secure, but it’s important to keep in mind that hardware wallets of rival companies such as TREZOR as well as Ledger are constructed in a manner that no outside attacker can see your private key. For example, even if it is possible to connect your 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 open, and as with Ledger the company has the Github repository available that shows their Cross-chain wallet framework aswell as their JS-Lib for any App developer to work with their framework. For comparison, both major hardware wallet companies currently (TREZOR and Ledger) possess a considerable amount of their code on public repositories, making it simple to understand how they go about implementing security measures.
The Ellipal wallet supports only a few coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger.
The price tag of $149 for the Ellipal wallet is in line with the other wallets on the market, but it is important to note that it is a relatively new product that hasn’t been tested for battle. In comparison to TREZOR or Ledger wallets, which are available longer and have an established track performance in security, the Ellipal wallet may not be the best value for your cash.
In conclusion it is clear that it is clear that the Ellipal wallet has been a new player on the market for hardware wallets, promising that it is 100% safe due to its total inaccessibility to any computer or network. Its creators are relatively new, and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is in line with other wallets. Although the concept of a completely isolated hardware wallet is intriguing however, you should consider the history and security measures of other wallets before making a choice. In the end, the decision on whether the Ellipal wallet is worth the cost is entirely up to the person who purchases it.