The cryptocurrency market has seen an increase in the number and variety of hardware wallets that are available, each promising to keep your digital assets safe and safe. It is the Ellipal wallet is a brand new player in the field It will stand out from its competitors by offering an entirely separate solution. In this article, we’ll take you on a closer review of the Ellipal wallet, the company behind it and the features that it has to offer to help you decide whether it’s worth investing in.
Hardware wallets are device that keeps the private key to your digital assets indefinitely to prevent hackers from stealing them remotely. The Ellipal wallet claims to be 100% secure as it is completely disconnected from any network or computer. It does not have wired or wireless connection and instead, it communicates with QR codes via a camera on the back of the device. The Ellipal wallet is priced at $149. It is relatively new on the market, which implies it isn’t battle-tested yet.
Ellipal The company behind the wallet’s hardware is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to finance its development. The company’s website and online reviews state that their hardware wallet is 100% safe, however it is important to remember that hardware wallets of competing firms 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 the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses Your private keys remain safe and secure.
Ellipal’s source code is only partially accessible, and is like Ledger, they have the Github repository available that shows their Cross-chain wallet platform as well the JS-Lib that allows any App developer to work with their framework. As a contrast, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) possess a considerable amount of their code on public repositories, making it easy to observe how they go about implementing security measures.
The Ellipal wallet supports only a few coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is lower than the amount of coins supported by its competitors, TREZOR and Ledger.
The price of $149 to purchase this Ellipal wallet is on par with the other wallets on the market, but it’s important to remember that it’s a new product that has not been tested in battle yet. If you compare it to TREZOR and Ledger wallets that are available for longer and have an established track record of security and reliability, the Ellipal wallet may not be the best value for cash.
In conclusion, it is clear that the Ellipal wallet is a new player in the market for hardware wallets and promises that it is 100% safe due to its total isolation from any computer or network. Its creators are relatively new and the product isn’t battle-tested yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with other wallets. Although the concept of a fully separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal device is worthwhile for the price is up to the individual.