CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

ELLIPAL Cold Wallet is Now Live on Polygon

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ELLIPAL Cold Wallet was recently launched on the Polygon Network. This allows Android and iOS users to enjoy the best of DeFi and Web3 on Polygon with ultimate security and simplicity.

The ELLIPAL Cold Wallet provides air-gapped protection to every $MATIC holder and lets them invest in Polygon without needing to worry about security.

By integrating Polygon, ELLIPAL users will be able to store, transact, and trade MATIC tokens securely on their ELLIPAL Cold Wallet and ELLIPAL APP Wallet. They can also easily access and connect ELLIPAL Wallet to popular DAPPs on Polygon Network, for example, QuickSwap through the ELLIPAL APP discover section.

The Polygon integration on the ELLIPAL Cold Wallet helps safely embark millions of new users, who want to stay decentralized while enjoying the ultimate security of air-gapped cold storage. At the same time, they can get the best of DeFi and Web3 thanks to the ELLPAL’s innovative design between cold storage and the ELLIPAL mobile APP.

Integration of Polygon Network

Integrating Polygon to ELLIPAL Cold Wallet was pretty straightforward because it is an EVM-compatible blockchain, and the Gnosis Safe team had already deployed their contract factory to the Polygon chain. This integration only took the ELLIPAL team a few weeks + additional testing.

High transaction fees on Ethereum have long kept many crypto users out of the blockchain. Now with Polygon, users can enjoy DeFi and Web3 at a low cost.

With the WalletConnect integration, ELLIPAL users can easily connect ELLIPAL Wallet to their favorite blockchain DAPPs.

At present, ELLIPAL has integrated the access and management of the assets of the Polygon Network and supported DAPPs that can be accessed through web3 under the Polygon Network. ELLIPAL’s next step is to integrate NFTs under the Polygon Network.

About ELLIPAL Cold Wallet

ELLIPAL is a fully decentralize non-custodial wallet. Users take full control of their private keys and mnemonics. ELLIPAl is being an air-gapped cold wallet that is always 100% isolate from the internet. It is fully secure from unauthorized access, cyber hacks, malware, and any online threats. ELLIPAL first introduced the concept of Air-gapped in Jan 2019. A true cold wallet must be completely network isolate, and only sign transactions using QR codes. ELLIPAL is the leader of air-gapped cold wallet.

Website | Twitter

About Polygon 

Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted. 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.

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SOURCE:
https://www.ellipal.com/blogs/news/ellipal-cold-wallet-is-now-live-on-polygon-network-to-provide-air-gapped-security-to-all-matic-holders

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