The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets available on the market in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure storage of digital assets becomes more crucial. Ellipal wallet Ellipal wallet is 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 company on the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim they are 100% secure, however, it’s important to note that the hardware wallets of rival businesses like TREZOR as well as Ledger are made in a way that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised computer that has been infected with viruses your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes using a camera on the rear of the. This makes it a highly safe option since it blocks the possibility of hackers having access to the private key via the network. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect 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 prospective buyers should be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) were on the market for longer and have a an established track record of security.
In terms of support for coin, 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 coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is currently working on adding more support for coins in the future.
In conclusion it is clear that the Ellipal device is an new competitor in the market of hardware wallets that claims to be 100% secure because of its complete isolation from any network or computer. Ellipal is a company that’s new, and the product has not been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with the other options. While the idea of a fully isolated hardware wallet is intriguing but it’s crucial to look at the security and track record features of other hardware wallets before making a decision. The final decision about whether or not the Ellipal wallet is worth the cost is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly for use like other hardware wallets. It’s also an all-new product on the market.