The cryptocurrency world has witnessed a rise in the number and variety of hardware wallets available on the market that promise that your digital assets will be safe and safe. Ellipal is one of them. Ellipal wallet is a new competitor in this space, and it is aiming to differentiate itself from the crowd by providing an entirely separate solution. In this article, we’ll take you on a close 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.
The hardware wallet can be described as a device which keeps the private keys for your personal digital accounts indefinitely, preventing hackers from stealing the funds remotely. The Ellipal wallet is 100% secure because it is completely unconnected to any network or computer. It is not wireless or wired connectivity, but instead, it communicates with QR codes via cameras on the rear of the wallet. The Ellipal wallet costs $149 and is relatively new to the market, which means that it hasn’t been test-driven yet.
Ellipal The company behind the wallet’s hardware is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews claim they are completely safe, however it is important to note that the hardware wallets of competing businesses such as TREZOR and Ledger are also designed in a way that no one outside can see your private key. For example, even if it is possible to connect your TREZOR to a compromised computer which is infected by viruses your private keys will remain safe and safe.
Ellipal’s source code is only partially accessible, and is as with Ledger and Ledger, they have the Github repository that showcases their Cross-chain wallet framework as well as their JS-Lib for developers to develop apps with their framework. For comparison, both major hardware wallet makers currently (TREZOR and Ledger) have a significant amount of their code stored in public repositories, which makes it simple to understand how they implement security measures.
The Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger.
The $149 price tag of Ellipal wallet is a bargain. Ellipal wallet is comparable with other wallets, however it’s important to keep in mind that it’s a new product that has not been tested for battle. When compared to the TREZOR or Ledger wallets, which are available longer and have a proven track record of security and reliability, the Ellipal wallet isn’t the best value for budget.
In the end, Ellipal wallet is a good choice. Ellipal device is an brand new player on the hardware wallet market that claims to be completely secure because of its complete inaccessibility to any network or computer. Its creators are new, and it hasn’t been test-driven yet. The Ellipal wallet currently supports a limited number of coins and the price at $149 is comparable with its competitors. Although the concept of a totally exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other hardware wallets prior to making a choice. In the end, the decision on whether the Ellipal wallet is worth the cost is entirely up to the user.