The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware in recent years. Each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and hopes to differentiate from its competitors by offering a completely isolated solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure the storage and protection of assets becomes increasingly important. It is the Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely to prevent hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim they are completely safe, however it is important to keep in mind that hardware wallets from rival firms such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. In the event that, for instance, you connect your TREZOR to a compromised computer which is infected by viruses your private keys remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely disconnected from any network or computer, meaning it has no wireless or wired connections. 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 hackers gaining gain access to private information by the network. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it isn’t battle-tested yet. This is something that potential buyers must be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have a established track records of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with 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 add support for more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal device is an fresh player in the market of hardware wallets, promising that it is 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with its competitors. Although the concept of a totally exclusive hardware wallet is appealing however, you should consider the track record and security measures of other wallets prior to making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other hardware wallets, and it’s an all-new product that’s available.