The cryptocurrency world has witnessed a rise in the number of physical wallets available on the market all promising to keep your digital assets safe and safe. Ellipal is one of them. Ellipal wallet is a new player in the field It is aiming to differentiate itself from its competitors by offering an unrivalled solution. In this article, we’ll take a closer review of the Ellipal wallet as well as the company behind it, and the features that it has to offer to help you decide whether it’s worth the money.
A hardware wallet is a device which keeps the private keys to your digital assets offline and prevents hackers from taking the funds remotely. The Ellipal wallet promises to be 100% secure as it is completely isolated from any network or computer. This means it is not wireless or wired connectivity, but instead communicates via QR codes using an image camera at the rear of the wallet. The Ellipal wallet costs $149 and is relatively new to the market, which means that it has not been battle-tested yet.
Ellipal, the company behind the wallet’s hardware, is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The website of the company and its online reviews state they are completely safe, however it is important to keep in mind that hardware wallets of rival companies such as TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. For example, even if the TREZOR is connected TREZOR to a compromised device that has been infected with viruses, your private keys remain safe and safe.
Ellipal’s source code is partially available, and, similar to Ledger and Ledger, they have a Github repository that showcases their Cross-chain wallet framework 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 and Ledger) have a considerable amount of their code stored in public repositories, which makes it easy to see how they go about implementing security measures.
The Ellipal wallet is currently compatible with the following coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger.
The $149 price tag for this Ellipal wallet is on par with its competitors, but it’s important to remember that it’s a new product that has not been battle-tested yet. In comparison to TREZOR and Ledger wallets, which have been on the market for longer and have a proven track record of security The Ellipal wallet might not be the best value for budget.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a new competitor in the hardware wallet market that claims to be completely secure because of its complete isolation from any network or computer. The company behind it is new and it hasn’t been test-driven yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is on par with its competitors. Although the concept of a totally separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal device is worthwhile for the price is entirely up to the user.