The cryptocurrency world has witnessed an increase in the number and variety of hardware wallets available on the market that promise that your digital assets will be safe and safe. It is the Ellipal wallet is a new player in the field and is aiming to differentiate itself from its competitors by offering 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 it offers to help you decide if it’s worth the investment.
The hardware wallet can be described as a device which keeps the private keys for your personal digital accounts indefinitely to prevent hackers from stealing your data remotely. The Ellipal wallet promises to be 100% secure since it is completely isolated from any computer or network. This means that it does not have wired or wireless connection and instead, it communicates with QR codes via an image camera at the rear end. The Ellipal wallet retails for $149 and is relatively new on the market, which implies that it has not been tested in battle yet.
Ellipal The company behind the wallet’s hardware component, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The website of the company as well as reviews online claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are also designed in a way that no one outside can see your private key. For instance, even if the TREZOR is connected TREZOR to a compromised system that has been infected with viruses your private keys will remain safe and safe.
Ellipal’s source code is only partially accessible, and is similar to Ledger, they have the Github repository available that shows their Cross-chain wallet platform as well in their JS-Lib, which is available to any app developer to work with the framework. In comparison, both leading hardware wallet companies today (TREZOR and Ledger) have a significant quantity of their software on public repositories, making it easy to see how they go about implementing security measures.
The Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the coins that its competitors support, TREZOR and Ledger.
The $149 price tag to purchase Ellipal wallet is a bargain. Ellipal wallet is on par with other wallets, however it’s important to keep in mind that it’s a new product that has not been tested for battle. In comparison to TREZOR or Ledger wallets, which have been on the market longer and have an established track history of security, the Ellipal wallet isn’t the most value-for-money money.
In conclusion it is clear that the Ellipal wallet has been a brand new player in the hardware wallet market that claims that it is 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been test-driven yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is on par with other wallets. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallet options before making a decision. The final decision on whether or not the Ellipal wallet is worth the cost is entirely up to the person who purchases it.