The cryptocurrency world has witnessed a rise in the number and variety of hardware wallets that are available that promise that your digital assets will be safe and safe. The Ellipal wallet is a new player in the field It will stand out from the crowd by providing a completely isolated solution. In this article, we’ll take you on a closer review of the Ellipal wallet and the business behind it and the features it offers to help you decide whether it’s worth the money.
Hardware wallets are gadget that keeps the private key to your digital assets off-line to prevent hackers from stealing your data remotely. The Ellipal wallet claims to be 100% secure because it is completely disconnected from any network or computer. This means it is not wired or wireless connection and instead communicates through QR codes via a camera on the rear of the wallet. The Ellipal wallet retails for $149 and is fairly new to the market, meaning that it hasn’t been tested in battle yet.
Ellipal, the company that developed the hardware wallet, is a relatively new player 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 claim that their hardware wallet is 100% safe, however it is important to remember that hardware wallets from rival firms like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised device that has been infected with viruses Your private keys are still safe and secure.
Ellipal’s source code is only partially available, and, like Ledger, they have a Github repository that showcases their Cross-chain wallet platform as well as their JS-Lib for any App developer to work with them. In comparison, both leading hardware wallet makers currently (TREZOR as well as Ledger) have a considerable quantity of their software in public repositories, which makes it simple to understand the security measures they have implemented.
The Ellipal wallet is currently compatible with a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the coins that its competitors support, TREZOR and Ledger.
The price tag of $149 for Ellipal wallet is a bargain. Ellipal wallet is on par with other wallets, however it’s important to keep in mind that it is a relatively new product that hasn’t been tested for battle. If you compare it to TREZOR or Ledger wallets that are on the market for longer and have a long-standing track record of security and reliability, the Ellipal wallet might not be the most value-for-money money.
In conclusion, it is clear that the Ellipal wallet is a new competitor in the market for hardware wallets that claims to be 100% secure due to its complete isolation from any computer or network. The company behind it is new and the product isn’t test-driven yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is in line with the other options. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallet options before making a choice. The final decision on whether the Ellipal product is worthy of the cost is entirely up to the person who purchases it.