The world of cryptocurrency has seen a significant increase in the number of hardware wallets available on the market in recent years, each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly crucial. The Ellipal wallet can be described as a device that stores the private key to digital assets offline and prevents hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews claim that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets of rival firms like TREZOR as well as Ledger are made in a way that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised device that is infected with viruses, your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of hackers getting access to the private key through an internet connection. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly new to the market, which implies that it’s not tested in battle yet. This is something that potential buyers must take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were around for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. The company is currently working on adding support for more coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a brand new player in the market of hardware wallets and promises to be completely secure due to 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 is currently compatible with a limited number of coins and its price at $149 is comparable with other wallets. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the track record and security measures of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option that has a modern design however, it’s not as easy for use like other hardware wallets, and it’s an extremely new product available on the market.