Security, functionality and ease of use are becoming the defining features of the new generation of cold wallets.
Most modern cold wallets depend on data storage and require a connection to a PC, which does not provide complete confidence in the safety of funds and leaves room for some risks. Cryptocurrency holders are looking for the perfect secure wallet in the market. For them, the optimal tool would be a secure, mobile-first daily trading tool with full cold wallet functionality and support for multiple cryptocurrencies.
A group of blockchain experts from Hong Kong have officially launched a new wallet that they believe meets all the requirements mentioned above. This mobile, full-featured, trading-enabled cold wallet is called ELLIPAL. The developers are confident that this is the start of a new generation of cold wallets, replacing older storage-oriented products that require a connection to a PC. Cold Wallet 2.0 claims to be the main tool for all cryptocurrency traders.
The name ELLIPAL comes from "Elli" - Elliptic Curve Algorithm (elliptic curve algorithm is one of the main algorithms underlying modern cryptocurrencies), and "Pal" is a partner.
ELLIPAL provides users with a unified platform for mobile digital asset management based on secure cold wallet technology and is designed to connect any user to the blockchain.
Features of ELLIPAL - The Cold Wallet 2.0
1. Isolated hardware that guarantees the security of the stored cryptocurrency.
ELLIPAL is a cold wallet. It is isolated from any internet connection such as 3G/4G, WiFi, Bluetooth and USB. The only way to exchange information between a wallet and an ELLIPAL mobile phone is through the use of QR codes.
2. A single mobile application that supports cryptocurrency exchange and trading.
The ELLIPAL app provides all the features that users need. On the app, users can view market quotes and read news, make exchanges and payments, and connect to other DApps. ELLIPAL currently collaborates with decentralized exchange protocols, including LRC.
3. Unique internet wallet protocol, supports multi-cryptocurrencies..
ELLIPAL has created a universal OCCW (Open Cross Chain Wallet) protocol that allows our wallets to support multi-blockchain and be multi-cryptocurrency ready. We believe that this protocol will allow more devices to become multifunctional wallets, making the blockchain more accessible to average users.
4. Ready for the future of the business world.
Today's cryptocurrency ecosystem is evolving rapidly. Multi-cryptocurrencies will become the norm of the future. The ELLIPAL wallet can make exchange simple or even transparent for both ordinary consumers and financial service providers.
According to CoinTelegraph
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