The world of cryptocurrency has seen an increase in the number of physical wallets on the market that promise that your digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the newest competitor in this space and aims to stand out from its competitors by offering an unrivalled solution. In this article, we’ll take a more in-depth look at the Ellipal wallet and its company that makes it, and the features that it has to offer to help you determine if it’s worth the investment.
Hardware wallets are gadget that keeps the private key to your digital assets off-line to prevent hackers from stealing the funds remotely. The Ellipal wallet promises to be 100% secure since it is completely unconnected to any network or computer. This means it is not wireless or wired connectivity, but instead communicates via QR codes using an image camera at the rear end. The Ellipal wallet is priced at $149. It is fairly new to the market, which means it isn’t test-driven yet.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. They raised $55K in an Indiegogo campaign to fund its development. The website of the company as well as online reviews claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets of rival companies such as TREZOR as well as Ledger are also designed in a way that no one outside can see your private key. For example, even if the TREZOR is connected TREZOR with a compromised computer which is infected by viruses Your private keys will remain safe and safe.
Ellipal’s source code is only partially available, and, as with Ledger and Ledger, they have a Github repository that showcases their Cross-chain wallet platform as well the JS-Lib that allows developers to develop apps with their framework. In comparison, both leading hardware wallet companies currently (TREZOR as well as Ledger) are both able to have considerable amount of their code stored on public repositories, making it simple to understand how they implement security measures.
The Ellipal wallet supports the following coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is lower than the number of coins that are supported by its rivals, TREZOR and Ledger.
The price of $149 to purchase the 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 battle-tested yet. When compared to the TREZOR or Ledger wallets that are on the market for longer and have a long-standing track history of security, the Ellipal wallet isn’t the best value for money.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet is a new player on the market for hardware wallets, promising that it is 100% secure due to its complete inaccessibility to any computer or network. Its creators are new, and it hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and its price of $149 is in line with other wallets. Although the concept of a completely isolated hardware wallet is intriguing, it’s important to consider the history and security measures of other wallets prior to making a decision. The final decision on whether the Ellipal device is worthwhile for the cost is entirely up to the person who purchases it.