The cryptocurrency world has witnessed an increase in the number of physical wallets that are available that promise that your digital assets will be safe and safe. Ellipal is one of them. Ellipal wallet is the newest player in the field and aims to stand out from the rest by providing an unrivalled solution. In this article, we’ll take a close review of the Ellipal wallet and the business behind it and its features to help you determine whether it’s worth the money.
Hardware wallets are gadget that keeps the private key of your financial assets off-line to prevent hackers from stealing them remotely. The Ellipal wallet is 100% secure as it is completely isolated from any computer or network. This means that it is not wired or wireless connectivity and instead communicates through QR codes via a camera on the rear end. The Ellipal wallet costs $149 and is fairly new to the market, which implies that it has not been test-driven yet.
Ellipal, the company that developed the wallet’s hardware component, is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim the hardware wallet as 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are made in a way that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR with a compromised computer that has been infected with viruses your private keys remain safe and secure.
Ellipal’s source code remains partially accessible, and is similar to Ledger the company has the Github repository available that shows their Cross-chain wallet platform as well as their JS-Lib for developers to develop apps with them. As a contrast, both of the leading hardware wallet companies today (TREZOR as well as Ledger) possess a significant amount of their code stored on public repositories. This makes it easy to see the security measures they have implemented.
The Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is lower than the amount of coins supported by its competitors, TREZOR and Ledger.
The $149 price tag to purchase the Ellipal wallet is comparable with the other wallets on the market, but it’s important to remember that it is a relatively new product that hasn’t been tested for battle. When compared to the TREZOR and Ledger wallets, which are available for longer and have a long-standing track record of security, the Ellipal wallet may not be the best value for money.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player in the market for hardware wallets, promising to be 100% secure due to its complete inaccessibility to any network or computer. Its creators are relatively new and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with the other options. Although the concept of a totally isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other wallets before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is up to the individual.