The cryptocurrency market has seen a rise in the number of hardware wallets on the market all promising to keep your digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new player in the field It aims to stand out from its competitors by offering a completely isolated solution. In this article, we’ll take you on a more in-depth look at the Ellipal wallet as well as its company that makes it and its features to help you decide whether it’s worth the money.
The hardware wallet can be described as a gadget which keeps the private keys to your digital assets indefinitely, preventing hackers from stealing your data remotely. The Ellipal wallet claims to be 100% secure because it is completely disconnected from any computer or network. This means that it is not wireless or wired connectivity, but instead, it communicates with QR codes using an image camera at the rear of the wallet. The Ellipal wallet retails for $149 and is relatively new on the market, meaning it isn’t battle-tested yet.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website and online reviews state the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets of competing companies such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if you connect your TREZOR with a compromised device that is infected with viruses, your private keys are still safe and secured.
Ellipal’s source code is partially accessible, and is like Ledger the company has the Github repository that showcases their Cross-chain wallet framework as well the JS-Lib that allows any app developer to work with their framework. For comparison, both major hardware wallet manufacturers currently (TREZOR as well as Ledger) possess a large amount of their code on public repositories. This makes it easy to see the security measures they have implemented.
The Ellipal wallet is currently compatible with the following coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger.
The $149 price tag for Ellipal wallet is a bargain. Ellipal wallet is in line with the other wallets on the market, but it’s important to remember that it’s a new product and has not been tested in battle yet. In comparison to TREZOR or Ledger wallets that are available for longer and have a long-standing track performance in security The Ellipal wallet isn’t the best value for your cash.
In the end it is clear that it is clear that the Ellipal wallet has been a fresh player on the market for hardware wallets, promising to be 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s relatively new, and the product isn’t tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price at $149 is comparable with the other options. Although the concept of a completely exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other wallets before making a decision. The final decision on whether or not the Ellipal device is worthwhile for the cost is up to the individual.