The world of cryptocurrency has seen an significant rise in the number of wallets that are hardware in recent years, all promises that digital assets will be secure and safe. The Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure the storage and protection of assets becomes more crucial. Ellipal wallet Ellipal wallet is a device which keeps the private keys 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 player in the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The website of the company and its reviews online claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of rival companies like TREZOR and Ledger are also designed in a way that no one outside can see your private keys. For instance, even if it is possible to connect your TREZOR with a compromised computer which is infected by viruses your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely disconnected from any computer or network which means it does not have wireless or wired connections. Instead, it transmits QR codes through cameras on its rear end. This makes it an extremely safe option since it blocks the possibility of a hacker getting access to the private key by the network. It’s important to note that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which means that it isn’t tested in battle yet. This is something that potential buyers must be aware of when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were around for a longer time and have a an established track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is working to add more support for coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player on the market for hardware wallets that claims that it is 100% secure because of its complete separation from any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with its competitors. While the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other hardware wallets prior to making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option with an innovative design, however, it’s not as easy in use as the other wallets. It’s also an all-new product that’s available.