The cryptocurrency market has seen a rise in the number of physical wallets available on the market all promising to keep your digital assets safe and secure. It is the Ellipal wallet is a brand new player in this field It is aiming to differentiate itself from the rest by providing a completely isolated solution. In this article, we’ll take a closer look at the Ellipal wallet as well as the company behind it, and the features it offers to help you determine whether it’s worth the money.
Hardware wallets are device which keeps the private keys for your personal digital accounts indefinitely and prevents hackers from taking the funds remotely. The Ellipal wallet is 100% secure as it is completely unconnected to any computer or network. It does not have wireless or wired connectivity, but instead communicates via QR codes through a camera on the rear end. The Ellipal wallet is priced at $149. It is relatively new to the market, meaning it isn’t test-driven yet.
Ellipal, the company that developed the wallet’s hardware, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website and online reviews claim they are 100% secure, however, it’s important to keep in mind that hardware wallets of rival businesses such as TREZOR and Ledger are made 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 will remain safe and safe.
Ellipal’s source code is only partially open, and similar to Ledger and Ledger, they have the Github repository that showcases their Cross-chain wallet framework aswell the JS-Lib that allows any app developer to work with them. As a contrast, both of the leading hardware wallet companies today (TREZOR and Ledger) possess a considerable quantity of their software on public repositories. This makes it simple to understand how they go about implementing security measures.
The Ellipal wallet is currently compatible with a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger.
The $149 price tag of Ellipal wallet is a bargain. Ellipal wallet is in line with its competitors, but it’s important to keep in mind that it’s a new product that hasn’t been tested for battle. When compared to the TREZOR as well as Ledger wallets, which are on the market for longer and have a proven track history of security, the Ellipal wallet might not be the best value for money.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh competitor in the hardware wallet market, promising to be completely secure due to its complete isolation from any computer or network. The company behind it is relatively new and the product isn’t test-driven yet. The Ellipal wallet supports the use of a small number of coins and its price at $149 is comparable with its competitors. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallets prior to making a choice. In the end, the decision on whether the Ellipal device is worthwhile for the cost is up to the individual.