The world of cryptocurrency has seen a significant increase in the amount of hardware wallets on the market in recent years, all claims that digital assets will be safe and secure. The Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe the storage and protection of assets becomes increasingly essential. The Ellipal digital wallet tool which keeps the private keys to digital assets offline and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to finance research and development for their products. The company’s website as well as online reviews claim the hardware wallet as completely secure, however, it’s important to remember that hardware wallets of competing businesses like TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For example, even if you connect your TREZOR with a compromised computer that has been infected with viruses your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes through an image camera at the back of the. This makes it a very secure choice as it removes the possibility of a hacker getting access to the private key through a network connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it’s not combat-tested to date. This is something potential buyers need to keep in mind when considering purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) are on the market for longer and have a an established track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount 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 conclusion In conclusion, the Ellipal wallet is a fresh player in the hardware wallet market and promises to be completely secure because of its complete separation from any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and the price at $149 is comparable with other wallets. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly to use as other hardware wallets. It’s also an all-new product that’s available.