The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available in recent years. Each claims that digital assets will be secure and safe. The Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage becomes increasingly important. The Ellipal wallet can be described as a device that stores the private key to digital assets indefinitely and prevents hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The website of the company and its reviews online claim the hardware wallet as 100% secure, however, it’s important to note that the hardware wallets of rival companies like TREZOR and Ledger are constructed in a manner that no one outside can view your private key. For example, even if it is possible to connect your TREZOR on a compromised device that is infected with viruses Your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any computer or network which means it does not have wireless or wired connections. Instead, it transmits QR codes using an image camera at the rear end. This makes it a very safe option since it blocks the possibility of a hacker having an access point to your private keys through a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it isn’t combat-tested to date. This is something prospective buyers must keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) were on the market for a longer time and have a proven track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. But, the company is currently working on adding support for more coins in the future.
In the end In conclusion, the Ellipal device is an brand new player in the market of hardware wallets and promises to be completely safe due to its total separation from any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t 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 the other options. Although the concept of a fully separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other wallets before making a decision. In the end, the decision on whether or not the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice with a unique design but it’s not as convenient in use as the other hardware wallets, and it’s an all-new product on the market.