The cryptocurrency market has seen a significant increase in the amount of hardware wallets in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is the latest entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure security for digital asset storage is becoming increasingly important. It is the Ellipal wallet is a gadget that keeps the private key to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The website of the company and its online reviews state that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. For instance, even if you connect your TREZOR with a compromised system that has been infected with viruses, your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes through a camera on the rear of the. This makes it an extremely secure choice as it removes the possibility of hackers gaining an access point to your private keys via an internet connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as convenient to use like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it has not been tested in battle yet. This is something prospective buyers must be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been around for longer and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is working to add more support for coins in the future.
In conclusion it is clear that it is clear that the Ellipal wallet has been a new player in the market of hardware wallets and promises to be completely secure due to its complete separation from any computer or network. Its creators are relatively new, and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is on par with other wallets. Although the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as easy for use like other wallets. Additionally, it’s a relatively new product on the market.