The world of cryptocurrency has seen an significant increase in the number of wallets that are hardware in recent years, each claims to keep digital assets secure and safe. The Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure security for digital asset storage is becoming increasingly essential. It is the Ellipal wallet can be described as a tool that stores the private key to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to finance its development. The website of the company and its online reviews state they are completely safe, however it is important to note that the hardware wallets from rival companies like TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For instance, even if the TREZOR is connected TREZOR on a compromised computer that has been infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes through an image camera at the rear end. This makes it a highly secure option as it eliminates the possibility of a hacker getting gain access to private information by a network connection. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which implies that it has not been tested in battle yet. This is something prospective buyers must be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few which include 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 buyers. But, the company is working to add more support for coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an new player on the market for hardware wallets that claims to be 100% secure because of its complete isolation from 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 of $149 is on par with its competitors. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallets prior to making a decision. The final decision about whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a very secure option with an innovative design, however, it’s not as user-friendly for use like other wallets, and it’s a relatively new product available on the market.