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 secure and safe. The Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe storage of digital assets is becoming increasingly crucial. The Ellipal digital wallet device that stores the private key to digital assets off-line and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website as well as reviews online claim that their hardware wallet is 100% safe, however it is important to remember that hardware wallets of rival firms like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if you connect your TREZOR on a compromised device that has been infected with viruses, your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes via cameras on its rear of the. This makes it a highly secure choice as it removes the possibility of hackers getting an access point to your private keys through the network. It’s important to note that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it’s not combat-tested to date. This is something prospective buyers need to take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) were in business for longer and have established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to provide the support of more coins in the near future.
In the end, it is clear that the Ellipal wallet is a new player in the hardware wallet market and promises to be completely secure because of its complete separation from any network or computer. Its creators are relatively new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is in line with other wallets. Although the idea of a totally isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets before making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as easy in use as the other hardware wallets, and it’s an extremely new product available on the market.