The cryptocurrency market has seen a significant increase in the number of wallets that are hardware on the market in recent years, each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe storage of digital assets becomes more important. The Ellipal digital wallet gadget that stores the private key to digital assets indefinitely and prevents hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim the hardware wallet as completely secure, however, it’s important to remember that hardware wallets of competing companies like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if the TREZOR is connected TREZOR to a compromised computer which is infected by viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes via a camera on the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker getting access to the private key by a network connection. It’s important to note that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it’s not combat-tested to date. This is something prospective buyers should keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were around for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to provide more support for coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet is a fresh competitor in the hardware wallet market, promising that it is 100% secure because of its complete separation from any network or computer. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is in line with its competitors. Although the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the security and track record features of other hardware wallets before making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a safe option that has a modern design however, it’s not as user-friendly to use as other wallets, and it’s a relatively new product on the market.