The cryptocurrency market has seen a significant increase in the amount of hardware wallets in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and aims to stand out from its rivals by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for secure the storage and protection of assets is becoming increasingly essential. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to finance the development of their product. The company’s website and reviews online claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets from rival businesses such as TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. In the event that, for instance, you connect your TREZOR with a compromised device which is infected by viruses, your private keys are still protected and safe.
Its Ellipal wallet is unique in its design. It is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes through an image camera at the rear end. This makes it a very secure choice as it removes the possibility of hackers getting gain access to private information by a network connection. It’s important to note that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something potential buyers must keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) have been in business for a longer time and have a established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports a limited number of coins, including 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 users. The company is working to add support for more coins in the future.
In the end In conclusion, the Ellipal wallet is a new competitor in the market of hardware wallets, promising to be 100% secure due to its complete isolation from any network or computer. The company behind it is 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 in line with its competitors. While the idea of a totally isolated hardware wallet is intriguing, it’s important to consider the track record and security measures of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option with a unique design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an all-new product available on the market.