The cryptocurrency market has seen a rise in the number and variety of hardware wallets on the market, each promising that your digital assets will be safe and safe. It is the Ellipal wallet is a brand new competitor in this space It will stand out from the crowd by providing a completely isolated solution. In this article, we’ll take a close review of 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.
A hardware wallet is a device which keeps the private keys for your personal digital accounts indefinitely to prevent hackers from stealing your data remotely. The Ellipal wallet promises to be 100% secure because it is completely isolated from any network or computer. This means it is not wired or wireless connection and instead communicates via QR codes through cameras on the back of the device. The Ellipal wallet costs $149 and is relatively new on the market, which means it isn’t tested in battle yet.
Ellipal, the company that developed the wallet’s hardware is a relatively young player in the market. It raised $55K through the course of an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of rival firms such as TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. For example, even if you connect your TREZOR on a compromised computer that is infected with viruses, your private keys are still safe and secured.
Ellipal’s source code is partially accessible, and is like Ledger and Ledger, they have the Github repository available that shows their Cross-chain wallet platform as well in their JS-Lib, which is available to any App developer to work with the framework. For comparison, both major hardware wallet manufacturers today (TREZOR as well as Ledger) possess a considerable quantity of their software on public repositories, making it simple to understand how they go about implementing security measures.
The Ellipal wallet currently supports the following coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is lower than the coins supported by its competitors, TREZOR and Ledger.
The $149 price tag to purchase the Ellipal wallet is in line with its competitors, but it is important to note that it is a relatively new product that hasn’t been tested in battle yet. In comparison to TREZOR and Ledger wallets, which are on the market for longer and have a proven track record of security and reliability, the Ellipal wallet isn’t the best value for cash.
In the end, it is clear that the Ellipal wallet is a new competitor in the hardware wallet market that claims to be completely secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s relatively new and it hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is in line with the other options. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal product is worthy of the cost is entirely up to the user.