The world of cryptocurrency has seen a significant increase in the amount of hardware wallets on the market in recent years. Each claims to keep digital assets secure and safe. Its Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream, the need for safe the storage and protection of assets becomes more crucial. It is the Ellipal wallet is a tool that keeps the private key to digital assets indefinitely and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews state they are 100% secure, however, it’s important to remember that hardware wallets of competing companies such as TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to view your private key. In the event that, for instance, it is possible to connect your TREZOR to a compromised computer that has been infected with viruses your private keys remain protected and safe.
The Ellipal wallet is unique in its design. It is completely isolated from any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear end. This makes it a very secure choice as it removes the possibility of a hacker having gain access to private information through an internet connection. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which implies that it’s not combat-tested to date. This is something that potential buyers must keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for a longer time and have a an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to provide support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the hardware wallet market, promising that it is 100% secure due to its complete isolation from any computer or network. Its creators are relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins, and its price tag at $149 is comparable with its competitors. Although the idea of a totally separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other wallets before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a very secure option with a unique design but it’s not as convenient to use as other wallets, and it’s an extremely new product available on the market.