The world of cryptocurrency has seen a significant rise in the number of hardware wallets available on the market in recent years. Each promising that digital assets will be safe and secure. Its Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe security for digital asset storage is becoming increasingly crucial. The Ellipal wallet can be described as a tool that keeps the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to fund its development. The website of the company and its online reviews claim they are 100% secure, but it’s important to keep in mind that hardware wallets of competing firms like TREZOR as well as Ledger are made in a way that no outside attacker can see your private keys. For example, even if the TREZOR is connected TREZOR to a compromised computer that has been infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear end. This makes it an extremely safe option since it blocks the possibility of hackers having an access point to your private keys by an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t 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 relatively new to the market, which implies that it isn’t tested in battle yet. This is something potential buyers should take into consideration when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is currently working on adding more support for coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an new competitor in the hardware wallet market that claims to be completely safe due to its total inaccessibility to any network or computer. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and its price at $149 is comparable with its competitors. Although the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an all-new product on the market.