The world of cryptocurrency has seen an significant increase in the amount of hardware wallets in recent years. Each claims that digital assets will be safe and secure. The Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure the storage and protection of assets is becoming increasingly important. It is the Ellipal digital wallet device which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim the hardware wallet as 100% secure, but it’s important to keep in mind that hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised device that is infected with viruses, your private keys remain protected 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 transmits QR codes using cameras on its rear end. This makes it an extremely secure option as it eliminates the possibility of hackers getting gain access to private information via an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it isn’t combat-tested to date. This is something prospective buyers must take into consideration when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) were in business for longer and have a proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add the support of more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the market of hardware wallets, promising that it is 100% secure due to its complete inaccessibility to any computer or network. The company behind it is relatively new and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and its price of $149 is in line with the other options. Although the idea of a fully isolated hardware wallet is intriguing, it’s important to consider the history and security measures of other wallets before making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with a unique design but it’s not as convenient to use as other hardware wallets, and it’s an all-new product on the market.