The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years, all claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe storage of digital assets becomes more essential. It is the Ellipal wallet can be described as a tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to help fund its development. The company’s website as well as online reviews state they are 100% safe, however it is important to keep in mind that hardware wallets from rival firms such as TREZOR and Ledger are made in a way that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised system that is infected with viruses Your private keys are still protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes via cameras on its rear 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 worth noting that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, meaning that it isn’t tested in battle yet. This is something potential buyers need to keep in mind when considering purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are around for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, and 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. But, the company is currently working on adding support for more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the market of hardware wallets that claims to be completely secure due to its complete isolation from any computer or network. 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 the other options. Although the idea of a fully exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other hardware wallets before making a decision. The final decision about whether or not the Ellipal device is well worth the cost is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an all-new product that’s available.