The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years, all promising that digital assets will be secure and safe. The Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe the storage and protection of assets becomes increasingly important. It is the Ellipal digital wallet tool which keeps the private keys to digital assets indefinitely to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. For example, even if you connect your TREZOR to a compromised device that is infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connections. Instead, it transmits QR codes using an image camera at the rear of the. This makes it a highly safe option since it blocks the possibility of hackers having an access point to your private keys via an internet connection. However, it’s important to remember that this means the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it has not been battle-tested yet. This is something potential buyers must take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for longer and have a established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is working to add support for more coins in the future.
In conclusion, it is clear that the Ellipal wallet has been a fresh competitor in the market of hardware wallets, promising to be completely safe due to its total isolation from any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports only a few coins and the price of $149 is on par with other wallets. Although the concept of a totally exclusive hardware wallet is appealing but it’s crucial to look at the security and track record features of other hardware wallets prior to making a decision. The final decision about whether or not the Ellipal device is well worth the price is up to the person who buys it. It’s a safe option that has a modern design but it’s not as convenient in use as the other hardware wallets, and it’s an extremely new product that’s available.