The cryptocurrency market has witnessed a significant increase in the amount of wallets that are hardware in recent years, all promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe storage of digital assets becomes more crucial. Ellipal wallet Ellipal wallet can be described as a gadget which keeps the private keys to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim they are 100% secure, however, it’s important to remember that hardware wallets of competing firms like TREZOR as well as Ledger are made in a way that no outside attacker can view your private key. In the event that, for instance, the TREZOR is connected TREZOR to a compromised computer which is infected by viruses Your private keys are still safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes using cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of a hacker gaining access to the private key through an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it has not been battle-tested yet. This is something prospective buyers must keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have a proven track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is currently working on adding the support of more coins in the near future.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a fresh player on the market of hardware wallets and promises that it is 100% secure because of its complete inaccessibility to any computer or network. Ellipal is a company that’s new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and the price of $149 is on par with its competitors. Although the concept of a fully isolated hardware wallet is intriguing, it’s important to consider the track record and security features of other hardware wallets before making a decision. In the end, the decision on whether the Ellipal wallet is worth the cost is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an extremely new product on the market.