The world of cryptocurrency has seen an significant increase in the amount of hardware wallets in recent years, all claims to keep digital assets secure and safe. The Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread, the need for secure security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets indefinitely to prevent hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews state the hardware wallet as 100% secure, but it’s important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are also designed in a way that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR to a compromised computer that is infected with viruses, your private keys will remain safe and secure.
The 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 via QR codes through a camera on the back of the. This makes it a highly secure choice as it removes the possibility of a hacker having access to the private key by a network connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it isn’t combat-tested to date. This is something potential buyers need to take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are in business for a longer time and have a established track records of security.
Regarding support for coins, the Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add the support of more coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a brand new player in the market for hardware wallets and promises that it is 100% secure due to its complete separation from any network or computer. Ellipal is a company that’s relatively new and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and its price at $149 is comparable with its competitors. Although the idea of a totally separated hardware wallet sounds appealing but it’s crucial to look at the history and security measures of other wallets prior to making a decision. In the end, the decision on whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a very secure option with an innovative design, but it’s not as convenient to use as other wallets. Additionally, it’s an all-new product available on the market.