The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available in recent years, all promising that digital assets will be secure and safe. Its Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets becomes increasingly important. The Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The company’s website and reviews online claim they are 100% safe, however it is important to remember that hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR to a compromised computer that is infected with viruses Your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes via a camera on the rear end. This makes it a very secure option as it eliminates the possibility of a hacker gaining gain access to private information via a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something that potential buyers must take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are around for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add support for more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new player on the hardware wallet market, promising to be completely safe due to its total 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 currently supports the use of a small number of coins, and its price tag of $149 is on par with other wallets. While the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other wallet options 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 that has a modern design but it’s not as convenient in use as the other wallets. It’s also a relatively new product that’s available.