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Ellipal Wallet Supported Coins

The world of cryptocurrency has seen an increase in the number and variety of hardware wallets on the market that promise that your digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the newest competitor in this space and aims to stand out from the rest by providing a completely isolated solution. In this post, we’ll look at a more in-depth review of the Ellipal wallet as well as its company that makes it and the features it offers to help you determine if it’s worth the investment.

Hardware wallets are device that stores the private key of your financial assets off-line and prevents hackers from taking your data remotely. The Ellipal wallet is 100% secure because it is completely disconnected from any network or computer. It has no wired or wireless connectivity and instead, it communicates with QR codes through a camera on the rear of the wallet. The Ellipal wallet is priced at $149. It is relatively new on the market, which implies that it hasn’t been tested in battle yet.

Ellipal, the company that developed the wallet’s hardware, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website and online reviews claim the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of rival companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised computer that has been infected with viruses, your private keys will remain safe and safe.

Ellipal’s source code remains partially open, and as with Ledger and Ledger, they have an Github repository that showcases their Cross-chain wallet framework aswell the JS-Lib that allows any App developer to work with them. For comparison, both major hardware wallet makers today (TREZOR as well as Ledger) are both able to have considerable amount of their code on public repositories, making it easy to see how they go about implementing security measures.

The Ellipal wallet is currently compatible with only a few coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger.

The price tag of $149 of this Ellipal wallet is on par with the other wallets on the market, but it’s important to keep in mind that it’s a new product and has not been tested in battle yet. When compared to the TREZOR or Ledger wallets that are on the market longer and have a proven track history of security, the Ellipal wallet might not be the best value for money.

In the end, the Ellipal wallet has been a fresh player in the hardware wallet market and promises to be 100% safe due to its total inaccessibility to any computer or network. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with other wallets. Although the concept of a totally isolated hardware wallet is intriguing but it’s crucial to look at the security and track record features of other hardware wallet options before making a choice. The final decision on whether or not the Ellipal device is worthwhile for the cost is up to the individual.