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Ellipal Vs Ledger Nano X

The world of cryptocurrency has seen an increase in the number of hardware wallets available on the market, each promising that your digital assets will be safe and secure. The Ellipal wallet is a brand new competitor in this space and aims to stand out from the rest by providing a completely isolated solution. In this article, we’ll take a closer review of the Ellipal wallet as well as the company behind it and the features it offers to help you decide whether it’s worth investing in.

A hardware wallet is a device which keeps the private keys for your personal digital accounts off-line to prevent hackers from stealing the funds remotely. The Ellipal wallet is 100% secure since it is completely unconnected to any computer or network. This means it is not wired or wireless connection and instead communicates through QR codes through a camera on the rear of the wallet. The Ellipal wallet costs $149 and is relatively new to the market, which implies that it hasn’t been battle-tested yet.

Ellipal, the company behind the wallet’s hardware component is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to fund the development of their product. The website of the company and its reviews online claim the hardware wallet as completely safe, however it is important to remember that hardware wallets from rival companies like TREZOR as well as Ledger are constructed in a manner that no outside attacker can view your private key. In the event that, for instance, you connect your TREZOR to a compromised device which is infected by viruses, your private keys will remain safe and secure.

Ellipal’s source code is partially accessible, and is similar to Ledger and Ledger, they have a Github repository available that shows their Cross-chain wallet platform as well as their JS-Lib for any App developer to work with the framework. As a contrast, both of the leading hardware wallet manufacturers currently (TREZOR as well as Ledger) are both able to have large amount of their code stored on public repositories. This makes it simple to understand how they implement security measures.

The Ellipal wallet currently supports only a few coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger.

The price of $149 to purchase Ellipal wallet is a bargain. Ellipal wallet is on par with its competitors, but it’s important to keep in mind that it’s a new product that hasn’t been tested for battle. When compared to the TREZOR as well as Ledger wallets that are on the market longer and have a long-standing track performance in security and reliability, the Ellipal wallet isn’t the best value for your money.

In the end, Ellipal wallet is a good choice. Ellipal device is an fresh competitor 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 isn’t test-driven yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with its competitors. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthy of the price is up to the individual.