The cryptocurrency market has witnessed an significant rise in the number of wallets that are hardware on the market in recent years, each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe the storage and protection of assets is becoming increasingly crucial. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets offline to prevent hackers from taking the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews claim that their hardware wallet is 100% secure, however, it’s important to keep in mind that hardware wallets of rival firms like TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR to a compromised device that has been infected with viruses, your private keys remain safe and secure.
The Ellipal wallet is unique in its design, it is completely disconnected from any network or computer which means it does not have wireless or wired connectivity. Instead, it transmits QR codes through a camera on the rear of the. This makes it an extremely secure choice as it removes the possibility of hackers gaining access to the private key by a network connection. It’s important to note that this means the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it’s not tested in battle yet. This is something potential buyers should keep in mind when considering buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are on the market for a longer time and have a an established track record of security.
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 supported by its competitors, TREZOR and Ledger, which might be a worry for some users. However, the company is working to add the support of more coins in the future.
In conclusion it is clear that the Ellipal wallet is a brand new player on the market for hardware wallets, promising to be 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is in line with other wallets. Although the concept of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallet options before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as easy for use like other wallets. Additionally, it’s an all-new product that’s available.