The cryptocurrency market has seen an significant rise in the number of hardware wallets in recent years, each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream, the need for safe security for digital asset storage is becoming increasingly essential. The Ellipal wallet is a tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website as well as reviews online claim the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. In the event that, for instance, you connect your TREZOR with a compromised device that has been infected with viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates through QR codes using an image camera at the back of the. This makes it an extremely secure option as it eliminates the possibility of a hacker having access to the private key by an internet connection. However, it’s important to remember that this means the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which means that it isn’t battle-tested yet. This is something that potential buyers need to take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is working to provide more support for coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh player in the market of hardware wallets and promises to be 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with its competitors. Although the concept of a fully isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other wallets prior to making a choice. The final decision about whether the Ellipal product is worthwhile for the price is up to the individual. It’s an extremely secure choice that has a modern design but it’s not as convenient to use as other wallets, and it’s a relatively new product available on the market.