The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets available in recent years, all claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim that their hardware wallet is completely 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 access your private keys. For example, even if you connect your TREZOR to a compromised system which is infected by viruses, your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely disconnected from any network or computer which means it does not have wireless or wired connections. Instead, it communicates through QR codes via an image camera at the rear of the. This makes it a highly safe option since it blocks the possibility of a hacker having gain access to private information through a network connection. It’s important to note that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market meaning that it’s not combat-tested to date. This is something potential buyers should take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are on the market for a longer time and have a established track records of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. The company is working to provide the support of more coins in the near future.
In the end In conclusion, the Ellipal wallet is a brand new competitor in the hardware wallet market and promises to be 100% secure due to its complete separation from any computer or network. The company behind it is new and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with its competitors. Although the concept of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other wallets prior to making a decision. In the end, the decision on whether the Ellipal device is well worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other hardware wallets, and it’s a relatively new product that’s available.