The world of cryptocurrency has seen a significant increase in the number of hardware wallets in recent years. Each promising to keep digital assets safe and secure. The Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe storage of digital assets becomes more crucial. Ellipal wallet Ellipal wallet can be described as a gadget that keeps the private key to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews state the hardware wallet as completely safe, however it is important to note that the hardware wallets of competing firms like TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR to a compromised device which is infected by viruses your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes via an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of a hacker having gain access to private information through the network. It’s important to note that this means the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it isn’t battle-tested yet. This is something potential buyers must take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for a longer time and have a established track records of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add the support of more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal device is an fresh player in the hardware wallet market that claims that it is 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is in line with its competitors. Although the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a safe option that has a modern design however, it’s not as easy for use like other hardware wallets. It’s also an all-new product that’s available.