The cryptocurrency market has seen an increase in the number and variety of hardware wallets that are available that promise to keep your digital assets safe and safe. It is the Ellipal wallet is a brand new competitor in this space and is aiming to differentiate itself from the crowd by providing an unrivalled solution. In this article, we’ll take a closer review of the Ellipal wallet as well as its company that makes it and the features it offers to help you decide whether it’s worth the money.
A hardware wallet is a gadget that keeps the private key to your digital assets indefinitely, preventing hackers from stealing the funds remotely. The Ellipal wallet promises to be 100% secure as it is completely disconnected from any computer or network. This means it is not wireless or wired connectivity, but instead communicates through QR codes using an image camera at the back of the device. The Ellipal wallet retails for $149 and is relatively new to the market, which means that it has not been tested in battle yet.
Ellipal The company behind the hardware wallet, is a relatively new competitor in the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its reviews online claim that their hardware wallet is 100% secure, but it’s important to remember that hardware wallets from rival businesses such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR on a compromised system which is infected by viruses your private keys will remain safe and secure.
Ellipal’s source code remains partially accessible, and is similar to Ledger and Ledger, they have a Github repository available that shows their Cross-chain wallet framework as well in their JS-Lib, which is available to any App developer to work with the framework. In comparison, both leading hardware wallet companies today (TREZOR and Ledger) have a considerable quantity of their software on public repositories, making it easy to observe how they go about implementing security measures.
The Ellipal wallet supports only a few coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is lower than the amount of coins supported by its competitors, TREZOR and Ledger.
The price of $149 to purchase this Ellipal wallet is comparable with other wallets, however it’s important to remember that it is a relatively new product that hasn’t been tested in battle yet. If you compare it to TREZOR and Ledger wallets that are available for longer and have a long-standing track history of security, the Ellipal wallet isn’t the most value-for-money budget.
In the end it is clear that it is clear that the Ellipal wallet has been a new player in the hardware wallet market, promising to be 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s new, and it hasn’t been test-driven yet. The Ellipal wallet is currently compatible with only a few coins and the price at $149 is comparable with the other options. While the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the history and security measures of other wallets prior to making a decision. Ultimately, the decision of whether the Ellipal product is worthy of the cost is up to the individual.