The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware on the market in recent years. Each promises that digital assets will be safe and secure. The Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure the storage and protection of assets becomes more important. The Ellipal wallet is a device which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim they are completely safe, however it is important to keep in mind that hardware wallets of competing firms like TREZOR as well as Ledger are constructed in a manner that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR to a compromised system that is infected with viruses your private keys remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connections. Instead, it transmits QR codes using an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of hackers getting an access point to your private keys by an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it has not been tested in battle yet. This is something that potential buyers need to be aware of when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for longer and have established track records of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet supports only a small 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 may be a concern for some buyers. However, the company is currently working on adding the support of more coins in the future.
In the end, the Ellipal wallet has been a fresh player on the market of hardware wallets and promises to be completely secure due to its complete isolation from any network or computer. The company behind it is relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins and the price of $149 is on par with its competitors. Although the concept of a completely separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other wallet options before making a decision. In the end, the decision on whether or not the Ellipal device is well worth the price is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy to use as other hardware wallets, and it’s an extremely new product on the market.