The cryptocurrency world has witnessed an increase in the number of hardware wallets available on the market all promising to keep your digital assets safe and secure. The 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 more in-depth review of the Ellipal wallet and its company that makes it and its features to help you decide if it’s worth the investment.
Hardware wallets are gadget which keeps the private keys for your personal digital accounts off-line, preventing hackers from stealing the funds remotely. The Ellipal wallet promises to be 100% secure as it is completely disconnected from any computer or network. This means that it is not wired or wireless connectivity and instead communicates through QR codes using cameras on the back of the device. The Ellipal wallet retails for $149 and is fairly new to the market, which means it isn’t test-driven yet.
Ellipal The company behind the wallet’s hardware is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews state they are completely safe, however it is important to note that the hardware wallets of competing businesses like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. For example, even if you connect your TREZOR on a compromised system that has been infected with viruses Your private keys remain safe and secured.
Ellipal’s source code is partially accessible, and is as with Ledger the company has an Github repository which demonstrates 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 currently (TREZOR as well as Ledger) have a significant quantity of their software on public repositories, making it easy to see how they implement security measures.
The Ellipal wallet is currently compatible with a limited number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins that its competitors support, TREZOR and Ledger.
The price of $149 of Ellipal wallet is a bargain. Ellipal wallet is comparable with the other wallets on the market, but it’s important to keep in mind that it is a relatively new product that has not been tested for battle. In comparison to TREZOR as well as Ledger wallets that are available longer and have an established track history of security and reliability, the Ellipal wallet might not be the best value for your budget.
In conclusion it is clear that it is clear that the Ellipal wallet is a fresh competitor in the market for hardware wallets and promises to be completely secure due to its complete separation from any network or computer. Ellipal is a company that’s relatively new, and it hasn’t been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with its competitors. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the track record and security measures of other wallets before making a choice. The final decision on whether or not the Ellipal product is worthy of the cost is entirely up to the person who purchases it.