The cryptocurrency world has witnessed an increase in the number of physical wallets that are available, each promising to keep your digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in this space and will stand out from its competitors by offering a completely isolated solution. In this article, we’ll take you on a closer review of the Ellipal wallet and its company that makes it, and its features to help you decide if it’s worth the investment.
A hardware wallet is a device which keeps the private keys of your financial assets offline and prevents hackers from taking your data remotely. The Ellipal wallet promises to be 100% secure because it is completely disconnected from any network or computer. This means it does not have wired or wireless connectivity and instead communicates via QR codes via cameras on the back of the device. The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it hasn’t been battle-tested yet.
Ellipal, the company that developed the wallet’s hardware is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund its development. The website of the company as well as online reviews state the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of rival companies like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to view your private key. For instance, even if you connect your TREZOR to a compromised system which is infected by viruses Your private keys remain safe and safe.
Ellipal’s source code is only partially accessible, and is like Ledger the company has the Github repository available that shows 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 manufacturers today (TREZOR as well as Ledger) possess a significant amount of their code on public repositories, making it easy to see how they implement security measures.
The Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger.
The $149 price tag to purchase Ellipal wallet is a bargain. Ellipal wallet is in line 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. In comparison to TREZOR or Ledger wallets that are available for longer and have an established track history of security and reliability, the Ellipal wallet may not be the best value for money.
In the end it is clear that it is clear that the Ellipal wallet has been a new competitor in the hardware wallet market, promising to be completely secure because of its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is on par with its competitors. While the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthy of the cost is entirely up to the person who purchases it.