The world of cryptocurrency has seen a significant increase in the number of hardware wallets on the market in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure storage of digital assets becomes increasingly crucial. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. It raised $55K through an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews state the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets from rival businesses such as TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For example, even if the TREZOR is connected TREZOR with a compromised computer which is infected by viruses your private keys remain secure and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via an image camera at the back of the. This makes it a very secure option as it eliminates the possibility of a hacker getting an access point to your private keys via a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it isn’t combat-tested to date. This is something potential buyers should take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) are in business for a longer time and have a established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer 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 the support of more coins in the near future.
In conclusion In conclusion, the Ellipal wallet is a new player in the hardware wallet market, promising to be 100% secure because of its complete inaccessibility to any network or computer. The company behind it is relatively new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins, and its price tag of $149 is in line with its competitors. Although the concept of a fully isolated hardware wallet is intriguing, it’s important to consider the track record and security measures of other wallet options before making a choice. The final decision about whether or not the Ellipal wallet is worth the price is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as user-friendly for use like other wallets. Additionally, it’s an all-new product on the market.