The cryptocurrency market has seen a significant increase in the number of hardware wallets available in recent years, each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe security for digital asset storage becomes more essential. The Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund its development. The company’s website and reviews online claim that their hardware wallet is 100% secure, however, it’s important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For example, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses your private keys are still secure and safe.
The Ellipal wallet is distinctive 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 through QR codes using a camera on the rear end. This makes it an extremely secure option as it eliminates the possibility of a hacker getting access to the private key via the network. However, it’s worth noting that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it isn’t tested in battle yet. This is something potential buyers need to be aware of when purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) have been on the market for longer and have a proven track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is currently working on adding the support of more coins in the future.
In the end it is clear that the Ellipal wallet has been a brand new player on the hardware wallet market and promises to be completely secure due to its complete isolation from any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is in line with its competitors. While the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the track record and security features of other hardware wallets prior to making a choice. The final decision about whether the Ellipal wallet is worth the price is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly to use as other hardware wallets, and it’s a relatively new product that’s available.