The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available on the market in recent years, each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe security for digital asset storage is becoming increasingly important. The Ellipal wallet can be described as a gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
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 website of the company and its online reviews claim they are 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are made in a way that no one outside can view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised device 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 that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker getting an access point to your private keys through a network connection. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something prospective buyers need to be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) have been around for a longer time and have a 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 less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. The company is working to add the support of more coins in the future.
In conclusion it is clear that the Ellipal wallet has been a new competitor in the hardware wallet market, promising to be completely safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with other wallets. While the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other wallets. Additionally, it’s an all-new product on the market.