The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe security for digital asset storage becomes more important. It is the Ellipal digital wallet device which keeps the private keys to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website and online reviews claim the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses, your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it a very secure option as it eliminates the possibility of a hacker getting gain access to private information by a network connection. It’s important to note that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively 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 the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin, the 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 that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to provide more support for coins in the future.
In conclusion In conclusion, the Ellipal device is an new competitor in the hardware wallet market and promises to be completely secure due to its complete inaccessibility to any network or computer. Its creators are relatively new and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag of $149 is on par with the other options. Although the idea of a fully separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallets prior to making a choice. In the end, the decision on whether the Ellipal wallet is worth the price is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly for use like other wallets, and it’s an extremely new product that’s available.