The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets on the market in recent years, each promising to keep digital assets secure and safe. The Ellipal wallet is a new competitor in the field, and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe storage of digital assets becomes increasingly crucial. The Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The company’s website and reviews online claim they are 100% secure, however, it’s important to remember that hardware wallets from rival companies like TREZOR and Ledger are constructed in a manner that no one outside can access your private keys. For example, even if the TREZOR is connected TREZOR with a compromised device that is infected with viruses your private keys are still secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via a camera on the rear end. This makes it a very safe option since it blocks the possibility of a hacker gaining gain access to private information by the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it’s not combat-tested to date. This is something prospective buyers should keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) have been around for longer and have established track records of security.
In terms of coin support, the Ellipal wallet supports the following coins: a few, including 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 buyers. The company is working to provide more support for coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new player on the hardware wallet market and promises that it is 100% safe due to its total separation from any computer or network. Its creators are relatively new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag at $149 is comparable with other wallets. Although the concept of a totally exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice that has a modern design but it’s not as convenient in use as the other wallets. Additionally, it’s an all-new product available on the market.