The world of cryptocurrency has seen an significant increase in the amount of hardware wallets on the market in recent years. Each promising that digital assets will be safe and secure. Its Ellipal wallet is a new entrant in this field and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure storage of digital assets becomes increasingly important. The Ellipal digital wallet device that stores the private key to digital assets off-line and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews claim the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets from rival firms like TREZOR and Ledger are also designed in a way that no attacker from outside is able to view your private key. For instance, even if it is possible to connect your TREZOR on a compromised computer that is infected with viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network which means it does not have wired or wireless connectivity. Instead, it transmits QR codes using a camera on the back of the. This makes it an extremely secure option as it eliminates the possibility of hackers having an access point to your private keys through the network. It’s important to note that this also means that the Ellipal wallet is not 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 fairly new to the market, which implies that it isn’t battle-tested yet. This is something prospective buyers need to take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for longer and have proven track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to provide the support of more coins in the near future.
In conclusion In conclusion, the Ellipal wallet is a fresh competitor in the market of hardware wallets, promising to be 100% safe due to its total separation from any network or computer. The company behind it is 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 tag of $149 is in line with its competitors. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallets prior to making a choice. The final decision about whether or not the Ellipal device is well worth the cost is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy for use like other wallets. It’s also an all-new product on the market.