The world of cryptocurrency has seen an significant increase in the amount of hardware wallets available in recent years, all claims that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and hopes to differentiate from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure security for digital asset storage becomes more important. The Ellipal wallet is a device that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets from rival businesses like TREZOR as well as Ledger are constructed in a manner that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR with a compromised computer that is infected with viruses your private keys will remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes through cameras on its back of the. This makes it an extremely safe option since it blocks the possibility of hackers getting an access point to your private keys through a network connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it’s not combat-tested to date. This is something potential buyers must take into consideration when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were on the market for a longer time and have a established track records of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. But, the company is working to add the support of more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an fresh competitor in the market for hardware wallets and promises to be 100% safe due to its total isolation from any computer or network. Ellipal is a company that’s 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 at $149 is comparable with other wallets. Although the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the price is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy in use as the other wallets. Additionally, it’s a relatively new product that’s available.