The world of cryptocurrency has seen an significant increase in the number of hardware wallets available in recent years, each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for secure the storage and protection of assets becomes more important. It is the Ellipal wallet is a gadget that stores the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim they are 100% secure, but it’s important to keep in mind that hardware wallets from rival businesses like TREZOR and Ledger are constructed in a manner that no one outside can access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised computer that is infected with viruses, your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes through cameras on its back of the. This makes it a very secure choice as it removes the possibility of a hacker getting an access point to your private keys via an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it isn’t battle-tested yet. This is something potential buyers must keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have established track records of security.
In terms of coin support, the Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add more support for coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a fresh player on the market for hardware wallets and promises to be 100% secure due to its complete inaccessibility to any network or computer. Its creators are new and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and its price at $149 is comparable with other wallets. Although the idea of a fully isolated hardware wallet is intriguing but it’s crucial to look at the history and security features of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other wallets, and it’s a relatively new product that’s available.