The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available in recent years. Each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly essential. The Ellipal wallet can be described as a device which keeps the private keys to digital assets offline to prevent hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews state the hardware wallet as completely secure, however, it’s important to note that the hardware wallets from rival firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. For instance, even if you connect your TREZOR on a compromised system which is infected by viruses your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it an extremely secure choice as it removes the possibility of a hacker having access to the private key via an internet connection. It’s important to note that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it has not been combat-tested to date. This is something that potential buyers should take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were on the market for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding more support for coins in the future.
In the end it is clear that it is clear that the Ellipal device is an brand new player on the market for hardware wallets, promising to be 100% secure because of its complete inaccessibility to any computer or network. Its creators are new, and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins and the price at $149 is comparable with the other options. Although the idea of a fully separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the individual. It’s a very secure option with an innovative design, however, it’s not as user-friendly for use like other wallets. Additionally, it’s an extremely new product on the market.