The world of cryptocurrency has seen a significant increase in the amount of hardware wallets in recent years, each claims to keep digital assets secure and safe. 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 cryptocurrency usage becomes more mainstream, the need for safe storage of digital assets is becoming increasingly essential. The Ellipal wallet can be described as a gadget that keeps the private key to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to help fund its development. The website of the company and its reviews online claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets of competing companies like TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device which is infected by viruses Your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of hackers gaining gain access to private information via a network connection. It’s important to note that this could mean that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which means that it isn’t combat-tested to date. This is something prospective buyers must be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are in business for longer and have a proven track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports 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 might be a worry for some customers. But, the company is working to provide support for more coins in the near future.
In the end, the Ellipal device is an fresh player in the market for hardware wallets that claims that it is 100% secure due to its complete separation from any network or computer. Its creators are relatively new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price of $149 is in line with the other options. Although the concept of a totally separated hardware wallet sounds appealing however, you should consider the history and security features of other hardware wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth 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. Additionally, it’s a relatively new product available on the market.