The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market in recent years, all promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream, the need for safe the storage and protection of assets becomes increasingly important. The Ellipal digital wallet tool which keeps the private keys to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim they are completely secure, however, it’s important to keep in mind that hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to see your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device that is infected with viruses your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes via cameras on its back of the. This makes it an extremely secure option as it eliminates the possibility of hackers having gain access to private information via a network connection. It’s important to note that this means the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which implies that it isn’t combat-tested to date. This is something prospective buyers need to take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been on the market for longer and have a proven track record of security.
In terms of support for coin, the Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. The company is working to provide the support of more coins in the near future.
In conclusion, the Ellipal wallet has been a brand new player on the market for hardware wallets and promises to be 100% safe due to its total separation from any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag of $149 is on par with the other options. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other wallets prior to making a decision. The final decision about whether or not the Ellipal device is well worth the price is entirely up to the user. It’s an extremely secure choice that has a modern design but it’s not as convenient in use as the other hardware wallets. It’s also an all-new product that’s available.