The cryptocurrency market has seen an significant increase in the amount of hardware wallets available on the market in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for secure the storage and protection of assets becomes increasingly essential. It is the Ellipal digital wallet device which keeps the private keys to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim they are completely safe, however it is important to remember that hardware wallets of competing businesses such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised system that has been infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes via cameras on its rear end. This makes it an extremely secure option as it eliminates the possibility of hackers having an access point to your private keys through the network. It’s important to note that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it isn’t combat-tested to date. This is something potential buyers need to take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were around for longer and have established track records of security.
Regarding support for coins, the Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins that are supported by its rivals, 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, Ellipal wallet is a good choice. Ellipal device is an fresh player in the hardware wallet market that claims that it is 100% secure because of its complete isolation from any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and its price of $149 is on par with other wallets. While the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the security and track record features of other hardware wallets before making a choice. In the end, the decision on whether the Ellipal device is well worth the price is up to the individual. It’s a very secure option with a unique design but it’s not as convenient for use like other hardware wallets. It’s also a relatively new product on the market.