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Ellipal Stellar Assets

The cryptocurrency world has witnessed a rise in the number and variety of hardware wallets on the market all promising to keep your digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new player in this field It is aiming to differentiate itself from its competitors by offering an unrivalled solution. In this post, we’ll look at a more in-depth look at the Ellipal wallet as well as the company behind it, and its features to help you decide if it’s worth the investment.

A hardware wallet is a gadget that stores the private key of your financial assets offline, preventing hackers from stealing them remotely. The Ellipal wallet is 100% secure because it is completely unconnected to any network or computer. It does not have wired or wireless connection and instead communicates via QR codes through an image camera at the rear of the wallet. 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 player in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state they are completely secure, however, it’s important to keep in mind that hardware wallets from rival firms such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private key. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that is infected with viruses Your private keys are still safe and secure.

Ellipal’s source code is only partially available, and, like Ledger, they have the Github repository which demonstrates their Cross-chain wallet platform as well the JS-Lib that allows any app developer to work with their framework. As a contrast, both of the leading hardware wallet makers today (TREZOR and Ledger) possess a significant amount of their code stored on public repositories. This makes it simple to understand how they implement security measures.

The Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the number of coins that its competitors support, TREZOR and Ledger.

The $149 price tag for Ellipal wallet is a bargain. Ellipal wallet is in line with its competitors, but it’s important to keep in mind that it’s a new product that hasn’t been tested for battle. In comparison to TREZOR or Ledger wallets that are on the market for longer and have a long-standing track record of security The Ellipal wallet isn’t the best value for cash.

In conclusion, the Ellipal wallet has been a new player in the market for hardware wallets and promises that it is 100% secure because of its complete separation from any network or computer. Its creators are new, and it hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price at $149 is comparable with other wallets. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallets prior to making a decision. The final decision on whether the Ellipal product is worthy of the price is up to the individual.