The world of cryptocurrency has seen an increase in the number and variety of hardware wallets that are available that promise that your digital assets will be safe and safe. It is the Ellipal wallet is the newest player in the field It is aiming to differentiate itself from its competitors by offering an unrivalled solution. In this article, we’ll take a more in-depth review of the Ellipal wallet as well as its company that makes it, and the features it offers to help you decide whether it’s worth investing in.
Hardware wallets are gadget which keeps the private keys to your digital assets offline to prevent hackers from stealing the funds remotely. The Ellipal wallet promises to be 100% secure since it is completely disconnected from any network or computer. This means it does not have wired or wireless connectivity and instead, it communicates with QR codes via a camera on the rear end. The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it has not been test-driven yet.
Ellipal The company behind the wallet’s hardware component, is a relatively new company on the market. It raised $55K through an Indiegogo campaign to finance research and development for their products. The website of the company as well as online reviews state they are completely secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. For instance, even if you connect your TREZOR with a compromised device which is infected by viruses Your private keys will remain safe and secured.
Ellipal’s source code is only partially available, and, like Ledger the company has a Github repository available that shows their Cross-chain wallet framework aswell as their JS-Lib for developers to develop apps with the framework. For comparison, both major hardware wallet makers currently (TREZOR as well as Ledger) have a considerable amount of their code stored on public repositories, making it simple to understand how they implement security measures.
The Ellipal wallet is currently compatible with a limited number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the amount of coins that its competitors support, TREZOR and Ledger.
The $149 price tag of the Ellipal wallet is in line with its competitors, but it’s important to keep in mind that it is a relatively new product that hasn’t been tested in battle yet. In comparison to TREZOR or Ledger wallets that are available longer and have a proven track history of security, the Ellipal wallet might not be the best value for your budget.
In the end it is clear that the Ellipal wallet is a new competitor in the market for hardware wallets, promising that it is 100% safe due to its total separation from any computer or network. Ellipal is a company that’s relatively new and the product isn’t test-driven yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is on par with the other options. Although the concept of a completely separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other wallets prior to making a decision. Ultimately, the decision of whether the Ellipal product is worthy of the price is up to the individual.