The cryptocurrency world has witnessed an increase in the number and variety of hardware wallets that are available that promise to keep your digital assets safe and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in this space, and it is aiming to differentiate itself from the rest by providing an unrivalled solution. In this post, we’ll look at a closer look at the Ellipal wallet and the company behind it, and the features it offers to help you decide whether it’s worth investing in.
The hardware wallet can be described as a gadget which keeps the private keys for your personal digital accounts off-line and prevents hackers from taking them remotely. The Ellipal wallet is 100% secure because it is completely isolated from any computer or network. This means that it has no wired or wireless connection and instead, it communicates with QR codes through an image camera at the rear end. The Ellipal wallet is priced at $149. It is relatively new on the market, which means that it has not been battle-tested yet.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The website of the company as well as online reviews state they are 100% secure, however, it’s important to remember that hardware wallets of competing businesses like TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. For instance, even if the TREZOR is connected TREZOR with a compromised system which is infected by viruses your private keys remain safe and secure.
Ellipal’s source code is only partially available, and, as with Ledger, they have a Github repository available that shows their Cross-chain wallet framework as well as their JS-Lib for any App developer to work with them. As a contrast, both of the leading hardware wallet manufacturers currently (TREZOR and Ledger) possess a significant amount of their code on public repositories. This makes it simple to understand the security measures they have implemented.
The Ellipal wallet is currently compatible with a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger.
The price of $149 for Ellipal wallet is a bargain. Ellipal wallet is on par with other wallets, however it’s important to remember that it is a relatively new product that has not been tested in battle yet. In comparison to TREZOR or Ledger wallets, which are on the market for longer and have an established track history of security and reliability, the Ellipal wallet isn’t the most value-for-money cash.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player on the hardware wallet market, promising that it is 100% safe due to its total inaccessibility to any network or computer. The company behind it is new, and it hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is on par with other wallets. While the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the history and security features of other hardware wallets prior to making a decision. The final decision on whether the Ellipal wallet is worth the price is entirely up to the person who purchases it.