The cryptocurrency market has seen a rise in the number of hardware wallets available on the market, each promising to keep your digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the newest player in the field, and it aims to stand out from the crowd by providing an unrivalled solution. In this article, we’ll take a close look at the Ellipal wallet, its company that makes it, and its features to help you decide if it’s worth the investment.
The hardware wallet can be described as a device that keeps the private key for your personal digital accounts indefinitely, preventing hackers from stealing them remotely. The Ellipal wallet is 100% secure since it is completely isolated from any computer or network. This means it has no wireless or wired connectivity, but instead communicates through QR codes via cameras on the back of the device. The Ellipal wallet costs $149 and is fairly new to the market, meaning that it hasn’t been test-driven 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 website of the company and its online reviews state they are completely secure, however, it’s important to note that the hardware wallets of rival firms like TREZOR and Ledger are constructed in a manner that no outside attacker can view 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 safe.
Ellipal’s source code is partially open, and as with Ledger and Ledger, they have the Github repository which demonstrates their Cross-chain wallet framework aswell in their JS-Lib, which is available to developers to develop apps with their framework. For comparison, both major hardware wallet makers today (TREZOR as well as Ledger) have a significant amount of their code in public repositories, which makes it simple to understand how they go about implementing security measures.
The Ellipal wallet is currently compatible with a limited number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger.
The price of $149 for the Ellipal wallet is on par with the other wallets on the market, but it is important to note that it’s a new product that hasn’t been tested in battle yet. When compared to the TREZOR as well as Ledger wallets that are available longer and have a long-standing track performance in security, the Ellipal wallet might not be the best value for your cash.
In conclusion, the Ellipal wallet is a new player on the hardware wallet market that claims that it is 100% safe due to its total isolation from any computer or network. The company behind it is new, and the product isn’t test-driven yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is on par with other wallets. Although the concept of a completely isolated hardware wallet is intriguing, it’s important to consider the track record and security features of other hardware wallet options before making a choice. The final decision on whether the Ellipal wallet is worth the price is entirely up to the user.