The world of cryptocurrency has seen a rise in the number and variety of hardware wallets that are available all promising that your digital assets will be safe and safe. The Ellipal wallet is a brand new player in the field and aims to stand out from the rest by providing an unrivalled solution. In this article, we’ll take you on a more in-depth review of the Ellipal wallet, the company behind it and the features that it has to offer to help you decide whether it’s worth the money.
Hardware wallets are gadget that keeps the private key for your personal digital accounts indefinitely, preventing hackers from stealing them remotely. The Ellipal wallet promises to be 100% secure as it is completely unconnected to any computer or network. It does not have wired or wireless connectivity and instead communicates via QR codes using cameras on the rear of the wallet. The Ellipal wallet costs $149 and is relatively new on the market, which means it isn’t battle-tested yet.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and reviews online claim they are 100% secure, but it’s important to note that the hardware wallets from rival companies like TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. For instance, even if it is possible to connect your TREZOR with a compromised device that is infected with viruses, your private keys are still safe and safe.
Ellipal’s source code remains partially available, and, similar to Ledger and Ledger, they have the Github repository which demonstrates their Cross-chain wallet framework as well in their JS-Lib, which is available to developers to develop apps with the framework. For comparison, both major hardware wallet makers today (TREZOR as well as Ledger) possess a considerable quantity of their software on public repositories, making it easy to observe how they implement security measures.
The Ellipal wallet supports the following coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger.
The $149 price tag of this Ellipal wallet is comparable with its competitors, but it is important to note that it is a relatively new product and has not been tested in battle yet. When compared to the TREZOR and Ledger wallets, which have been on the market longer and have a long-standing track record of security The Ellipal wallet isn’t the best value for money.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an new player on the market for hardware wallets, promising that it is 100% secure because of its complete isolation from any computer or network. Ellipal is a company that’s new, and the product isn’t test-driven yet. The Ellipal wallet is currently compatible with a limited number of coins and its price at $149 is comparable with other wallets. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the security and track record measures of other wallets before making a choice. The final decision on whether or not the Ellipal device is worthwhile for the price is entirely up to the person who purchases it.