The cryptocurrency market has seen a significant rise in the number of wallets that are hardware on the market in recent years. Each claims that digital assets will be safe and secure. The Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As cryptocurrency usage grows more commonplace, the need for safe storage of digital assets becomes increasingly essential. It is the Ellipal wallet can be described as a device which keeps the private keys to digital assets offline and prevents hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. It raised $55K through the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim they are completely safe, however it is important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are made in a way 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 which is infected by viruses, your private keys remain safe and secure.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through an image camera at the rear end. This makes it a highly secure choice as it removes the possibility of hackers getting an access point to your private keys by an internet connection. However, it’s worth noting that this means the Ellipal wallet is not as convenient to use like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it isn’t tested in battle yet. This is something prospective buyers should take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for a longer time and have a an established track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to add more support for coins in the future.
In conclusion, the Ellipal wallet is a fresh player on the market for hardware wallets that claims to be 100% safe due to its total isolation from any network or computer. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with its competitors. While the idea of a fully isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other wallets prior to making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a safe option with an innovative design, but it’s not as convenient to use as other wallets, and it’s an extremely new product on the market.