The world of cryptocurrency has seen an significant rise in the number of hardware wallets available in recent years, each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes more crucial. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets offline, preventing hackers from stealing them remotely.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised system that has been infected with viruses, your private keys are still protected and safe.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes through a camera on the back of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining an access point to your private keys through the network. However, it’s worth noting that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it isn’t battle-tested yet. This is something potential buyers need to take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are around for longer and have proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet currently supports only a small number of coins that are supported, such as 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 might be a worry for some buyers. But, the company is working to provide support for more coins in the future.
In the end In conclusion, the Ellipal wallet has been a brand new competitor in the market for hardware wallets and promises to be 100% secure because of its complete separation from any network or computer. Its creators are relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins, and its price tag at $149 is comparable with other wallets. Although the concept of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other wallets before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option that has a modern design however, it’s not as easy to use as other hardware wallets. It’s also an extremely new product that’s available.