The world of cryptocurrency has seen a rise in the number of physical wallets available on the market all promising that your digital assets will be safe and safe. Ellipal is one of them. Ellipal wallet is a new player in this field and will stand out from its competitors by offering an unrivalled solution. In this article, we’ll take a close look at the Ellipal wallet, the company behind it, and its features to help you decide whether it’s worth investing in.
Hardware wallets are gadget that stores the private key of your financial assets indefinitely and prevents hackers from taking your data remotely. The Ellipal wallet promises to be 100% secure because it is completely unconnected to any network or computer. This means it has no wireless or wired connectivity, but instead communicates via QR codes through cameras on the rear end. The Ellipal wallet is priced at $149. It is relatively new on the market, which means that it has not been tested in battle yet.
Ellipal, the company that developed the wallet’s hardware component, is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to help fund research and development for their products. The website of the company as well as reviews online claim they are 100% safe, however it is important to note that the hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no one outside can access your private keys. In the event that, for instance, you connect your TREZOR with a compromised device that is infected with viruses Your private keys remain safe and secure.
Ellipal’s source code remains partially open, and as with Ledger and Ledger, they have a Github repository that showcases their Cross-chain wallet platform as well as their JS-Lib for any App developer to work with them. As a contrast, both of the leading hardware wallet companies currently (TREZOR as well as Ledger) possess a significant quantity of their software on public repositories. This makes it simple to understand the security measures they have implemented.
The Ellipal wallet supports the following coins which include Bitcoin, Ethereum, Litecoin, along with 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 the other wallets on the market, but it is important to note that it’s a new product that hasn’t been battle-tested yet. In comparison to TREZOR and Ledger wallets, which have been on the market for longer and have a long-standing track performance in security, the Ellipal wallet isn’t the best value for your cash.
In the end, Ellipal wallet is a good choice. Ellipal device is an new player in the hardware wallet market that claims to be completely secure due to its complete inaccessibility to any computer or network. The company behind it is new, and the product has not been test-driven yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with the other options. Although the concept of a completely isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is entirely up to the person who purchases it.