The cryptocurrency market has seen a rise in the number of physical wallets that are available that promise to keep your digital assets safe and safe. The Ellipal wallet is a new player in this field and will stand out from the crowd by providing an entirely separate solution. In this post, we’ll look at a more in-depth review of the Ellipal wallet and the company behind it and the features that it has to offer to help you determine if it’s worth the investment.
Hardware wallets are gadget which keeps the private keys of your financial assets off-line, preventing hackers from stealing the funds remotely. The Ellipal wallet is 100% secure since it is completely isolated from any network or computer. This means it has no wired or wireless connectivity and instead, it communicates with QR codes through an image camera at the rear of the wallet. The Ellipal wallet retails for $149 and is relatively new on the market, which implies it isn’t test-driven yet.
Ellipal, the company behind the wallet’s hardware component is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website and reviews online claim they are 100% safe, however it is important to keep in mind that hardware wallets of rival companies like TREZOR as well as Ledger are made in a way that no outside attacker can view your private key. In the event that, for instance, you connect your TREZOR on a compromised computer that has been infected with viruses your private keys will remain safe and secured.
Ellipal’s source code is only partially accessible, and is similar to Ledger and Ledger, they have an Github repository which demonstrates their Cross-chain wallet framework aswell the JS-Lib that allows developers to develop apps with the framework. For comparison, both major hardware wallet companies currently (TREZOR and Ledger) have a considerable quantity of their software on public repositories. This makes it easy to see how they implement security measures.
The Ellipal wallet supports the following coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the number of coins that its competitors support, TREZOR and Ledger.
The price tag of $149 to purchase this Ellipal wallet is comparable with other wallets, however it’s important to remember that it’s a new product and has not been battle-tested yet. When compared to the TREZOR or Ledger wallets that are on the market for longer and have a proven track history of security The Ellipal wallet might not be the most value-for-money budget.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a new player in the market for hardware wallets, promising to be 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s new and it hasn’t been test-driven yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with its competitors. While the idea of a completely isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallet options before making a decision. The final decision on whether or not the Ellipal device is worthwhile for the cost is entirely up to the user.