The cryptocurrency world has witnessed a rise in the number of physical wallets on the market all promising that your digital assets will be safe and safe. It is the Ellipal wallet is a brand new competitor in this space, and it will stand out from its competitors by offering an unrivalled solution. In this post, we’ll look at a closer review of the Ellipal wallet, the business behind it, and the features it offers to help you decide whether it’s worth the money.
The hardware wallet can be described as a device that keeps the private key to your digital assets offline to prevent hackers from stealing them remotely. The Ellipal wallet claims to be 100% secure since it is completely disconnected from any network or computer. This means that it does not have wired or wireless connection and instead communicates via QR codes via a camera on the rear of the wallet. The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it has not been test-driven yet.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews state that their hardware wallet is completely secure, however, it’s important to keep in mind that hardware wallets of competing businesses such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if you connect your TREZOR to a compromised device that is infected with viruses Your private keys will remain safe and secure.
Ellipal’s source code is only partially available, and, similar to Ledger, they have a Github repository which demonstrates their Cross-chain wallet framework aswell as their JS-Lib for developers to develop apps with the framework. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are both able to have considerable amount of their code on public repositories. This makes it easy to see how they implement security measures.
The Ellipal wallet is currently compatible with a limited number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins that its competitors support, TREZOR and Ledger.
The price of $149 to purchase the Ellipal wallet is on par with other wallets, however it’s important to remember that it is a relatively new product that hasn’t been battle-tested yet. In comparison to TREZOR and Ledger wallets, which are on the market for longer and have a long-standing track history of security The Ellipal wallet might not be the best value for cash.
In conclusion In conclusion, the Ellipal device is an fresh player in the hardware wallet market that claims to be completely safe due to its total separation from any network or computer. Its creators are new and the product has not been test-driven yet. The Ellipal wallet supports the use of a small number of coins and the price 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 wallet options before making a decision. The final decision on whether or not the Ellipal device is worthwhile for the price is up to the individual.