The cryptocurrency market has seen a rise in the number and variety of hardware wallets available on the market that promise to keep your digital assets safe and safe. It is the Ellipal wallet is a new player in the field and aims to stand out from the rest by providing a completely isolated solution. In this article, we’ll take you on a close look at the Ellipal wallet as well as the company behind it, and the features that it has to offer to help you decide whether it’s worth the money.
The hardware wallet can be described as a gadget that keeps the private key of your financial assets off-line to prevent hackers from stealing your data remotely. The Ellipal wallet promises to be 100% secure as it is completely isolated from any computer or network. This means that it has no wireless or wired connectivity, but instead, it communicates with QR codes through an image camera at the rear end. The Ellipal wallet retails for $149 and is relatively new to the market, which means that it hasn’t been tested in battle yet.
Ellipal, the company that developed the wallet’s hardware component is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance its development. The website of the company and its online reviews claim they are 100% secure, but it’s important to note that the hardware wallets from rival firms like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. In the event that, for instance, you connect your TREZOR on a compromised computer that has been infected with viruses your private keys remain safe and safe.
Ellipal’s source code remains partially open, 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 the framework. As a contrast, both of the leading hardware wallet companies currently (TREZOR and Ledger) are both able to have significant quantity of their software on public repositories. This makes it easy to see how they go about implementing security measures.
The Ellipal wallet is currently compatible with a limited number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the amount of coins that its competitors support, TREZOR and Ledger.
The $149 price tag for 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 and has not been tested in battle yet. When compared to the TREZOR or Ledger wallets, which are available for longer and have an established track record of security, the Ellipal wallet isn’t the best value for your cash.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a brand new player in the market for hardware wallets, promising that it is 100% safe due to its total separation from any network or computer. The company behind it is new and the product isn’t tested in battle yet. The Ellipal wallet 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 however, you should consider the security and track record measures of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal device is worthwhile for the price is entirely up to the user.