The cryptocurrency market has seen an significant rise in the number of hardware wallets in recent years, all claims that digital assets will be safe and secure. The Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe the storage and protection of assets becomes more crucial. It is the Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of competing firms such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to view your private key. For example, even if the TREZOR is connected TREZOR to a compromised device which is infected by viruses your private keys will remain safe and secure.
The Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes through cameras on its rear of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining access to the private key via an internet connection. It’s important to note that this means the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it isn’t tested in battle yet. This is something potential buyers need to be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for a longer time and have a established track records of security.
Regarding support for coins, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. The company is currently working on adding more support for coins in the future.
In conclusion, it is clear that the Ellipal wallet is a fresh competitor in the market for hardware wallets, promising that it is 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 is currently compatible with the use of a small number of coins and the price of $149 is in line with its competitors. While the idea of a fully exclusive hardware wallet is appealing however, you should consider the history and security measures of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as easy for use like other hardware wallets. Additionally, it’s an extremely new product available on the market.