The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available in recent years, all claims that digital assets will be secure and safe. Its Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure storage of digital assets is becoming increasingly crucial. Ellipal wallet Ellipal wallet is a gadget which keeps the private keys to digital assets off-line to prevent 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. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website and online reviews state that their hardware wallet is 100% safe, however it is important to note that the hardware wallets from rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised computer that is infected with viruses, your private keys are still secure and safe.
The Ellipal wallet is unique in its design. It is completely isolated from any computer or network which means it does not have wireless or wired connections. Instead, it transmits QR codes through an image camera at the rear of the. This makes it a highly safe option since it blocks the possibility of a hacker getting gain access to private information via a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it isn’t battle-tested yet. This is something potential buyers need to keep in mind when considering purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been in business for longer and have a established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. The company is working to provide support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new player on the market of hardware wallets and promises to be completely secure because of its complete inaccessibility to any network or computer. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and its price at $149 is comparable with its competitors. Although the idea of a completely isolated hardware wallet is intriguing however, you should consider the history and security measures of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as easy for use like other wallets, and it’s an extremely new product that’s available.