The world of cryptocurrency has seen a rise in the number of hardware wallets on the market all promising that your digital assets will be safe and safe. It is the Ellipal wallet is a brand new player in the field, and it is aiming to differentiate itself from the crowd by providing an entirely separate solution. In this article, we’ll take a more in-depth review of the Ellipal wallet and its company that makes it and the features that it has to offer to help you decide if it’s worth the investment.
A hardware wallet is a gadget that stores the private key of your financial assets offline and prevents hackers from taking them remotely. The Ellipal wallet claims to be 100% secure since it is completely disconnected from any computer or network. It is not wired or wireless connectivity and instead communicates via QR codes via an image camera at the rear end. The Ellipal wallet is priced at $149. It is fairly new to the market, which means it isn’t test-driven yet.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim the hardware wallet as completely secure, but it’s important to remember that hardware wallets from rival firms like TREZOR as well as Ledger are constructed in a manner that no one outside can see your private key. For instance, even if the TREZOR is connected TREZOR on a compromised computer that has been infected with viruses, your private keys remain safe and secure.
Ellipal’s source code is partially accessible, and is like Ledger and Ledger, they have an Github repository which demonstrates their Cross-chain wallet framework as well the JS-Lib that allows any App developer to work with their framework. In comparison, both leading hardware wallet manufacturers currently (TREZOR and Ledger) have a significant amount of their code stored on public repositories, making it easy to observe how they go about implementing security measures.
The Ellipal wallet supports the following coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is lower than the number of coins that are supported by its rivals, TREZOR and Ledger.
The price of $149 of this Ellipal wallet is comparable with other wallets, however 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 longer and have a proven track history of security, the Ellipal wallet may not be the best value for your budget.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a fresh player on the hardware wallet market, promising that it is 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s new and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price at $149 is comparable with its competitors. Although the concept of a completely separated hardware wallet sounds appealing but it’s crucial to look at the history and security measures of other hardware wallets before making a decision. The final decision on whether or not the Ellipal wallet is worth the price is entirely up to the user.