The world of cryptocurrency has witnessed an significant rise in the number of wallets that are hardware on the market in recent years, each claims to keep digital assets safe and secure. Its Ellipal wallet is a new entry into the market and aims to stand out from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for secure storage of digital assets becomes increasingly important. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance its development. The website of the company and its online reviews claim the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets of competing businesses like TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, you connect your TREZOR to a compromised computer that has been infected with viruses Your private keys are still secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the back of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining gain access to private information through the network. However, it’s worth noting that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it’s not tested in battle yet. This is something prospective buyers must keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are on the market for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is currently working on adding support for more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player in the market for hardware wallets that claims to be completely secure due to its complete separation from any network or computer. Ellipal is a company that’s new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is in line with other wallets. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price 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 hardware wallets, and it’s a relatively new product available on the market.