The world of cryptocurrency has seen a rise in the number of physical wallets on the market that promise to keep your digital assets safe and secure. The Ellipal wallet is a brand new player in the field, and it will stand out from its competitors by offering a completely isolated solution. In this post, we’ll look at a closer look at the Ellipal wallet as well as its company that makes 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 device that keeps the private key of your financial assets off-line and prevents hackers from taking your data remotely. The Ellipal wallet promises to be 100% secure as it is completely disconnected from any computer or network. This means it is not wired or wireless connectivity and instead communicates through QR codes using a camera on the rear end. The Ellipal wallet costs $149 and is fairly new to the market, meaning that it has not been tested in battle yet.
Ellipal, the company behind the wallet’s hardware, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews state they are completely secure, but it’s important to keep in mind that hardware wallets of rival businesses like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private key. For instance, even if you connect your TREZOR to a compromised device that is infected with viruses your private keys will remain safe and safe.
Ellipal’s source code is partially open, and like Ledger the company has the Github repository that showcases their Cross-chain wallet framework aswell as their JS-Lib for developers to develop apps with them. For comparison, both major hardware wallet manufacturers today (TREZOR as well as Ledger) are both able to have significant amount of their code stored on public repositories, making it simple to understand how they go about implementing security measures.
The Ellipal wallet supports the following coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins that its competitors support, TREZOR and Ledger.
The price tag of $149 of this Ellipal wallet is in line with the other wallets on the market, but it’s important to remember that it’s a new product that hasn’t been battle-tested yet. In comparison to TREZOR and Ledger wallets that are available longer and have a long-standing track history of security The Ellipal wallet may not be the best value for your money.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the hardware wallet market, promising that it is 100% secure due to its complete inaccessibility to any computer or network. Its creators are new, and the product isn’t test-driven yet. The Ellipal wallet is currently compatible with a limited 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, it’s important to consider the track record and security measures of other hardware wallet options before making a choice. The final decision on whether or not the Ellipal wallet is worth the price is entirely up to the user.