The world of cryptocurrency has seen a rise in the number of hardware wallets that are available, each promising to keep your digital assets safe and safe. It is the Ellipal wallet is the newest competitor in this space It aims to stand out from the crowd by providing an entirely separate solution. In this article, we’ll take a closer review of the Ellipal wallet as well as its company that makes it, and the features it offers to help you determine whether it’s worth the money.
The hardware wallet can be described as a device that stores the private key to your digital assets off-line to prevent hackers from stealing the funds remotely. The Ellipal wallet is 100% secure since it is completely disconnected from any computer or network. This means it does not have wired or wireless connectivity and instead communicates through QR codes through an image camera at the rear of the wallet. The Ellipal wallet costs $149 and is relatively new to the market, meaning that it hasn’t been tested in battle yet.
Ellipal, the company behind the wallet’s hardware, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews claim that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets from rival businesses like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For example, even if the TREZOR is connected TREZOR on a compromised computer that has been infected with viruses Your private keys remain safe and secured.
Ellipal’s source code remains partially available, and, as with Ledger the company has the Github repository available that shows their Cross-chain wallet platform as well the JS-Lib that allows developers to develop apps with the framework. For comparison, both major hardware wallet manufacturers currently (TREZOR as well as Ledger) are both able to have considerable amount of their code on public repositories. This makes it easy to see the security measures they have implemented.
The Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is lower than the amount of coins supported by its competitors, TREZOR and Ledger.
The price of $149 to purchase the Ellipal wallet is on par with its competitors, but it’s important to keep in mind that it’s a new product and has not been tested for battle. In comparison to TREZOR and Ledger wallets, which are on the market for longer and have a proven track performance in security, the Ellipal wallet might not be the best value for your cash.
In conclusion it is clear that the Ellipal device is an brand new player in the hardware wallet market, promising to be completely secure due to its complete separation from any network or computer. Its creators are new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with other wallets. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal product is worthy of the cost is entirely up to the user.