The world of cryptocurrency has seen a significant increase in the number of hardware wallets on the market in recent years, all claims that digital assets will be safe and secure. Its Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for secure the storage and protection of assets becomes increasingly important. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young competitor in the market. They raised $55K in the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews state the hardware wallet as 100% safe, however it is important to remember that hardware wallets of rival businesses such as TREZOR and Ledger are also designed in a way that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR on a compromised computer that has been infected with viruses your private keys will remain protected and safe.
Its Ellipal wallet is unique in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via cameras on its rear end. This makes it a highly safe option since it blocks the possibility of a hacker getting access to the private key through an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it isn’t combat-tested to date. This is something potential buyers must keep in mind when considering purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been in business for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to provide more support for coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet is a brand new competitor in the market of hardware wallets and promises that it is 100% safe due to its total isolation from any network or computer. Its creators are new and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is on par with its competitors. While the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other wallet options before making a decision. The final decision about whether the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as easy to use as other wallets, and it’s a relatively new product available on the market.