The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available in recent years, all promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from its competitors by offering an entirely separate solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe storage of digital assets is becoming increasingly important. The Ellipal wallet can be described as a device which keeps the private keys to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website and online reviews claim the hardware wallet as 100% safe, however it is important to note that the hardware wallets from rival firms such as TREZOR as well as Ledger are made in a way that no one outside can see your private keys. For example, even if it is possible to connect your TREZOR to a compromised system which is infected by viruses, your private keys are still protected and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it a very secure choice as it removes the possibility of hackers getting an access point to your private keys by the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it isn’t tested in battle yet. This is something potential buyers must keep in mind when considering buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for a longer time and have a proven track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide support for more coins in the future.
In the end, it is clear that the Ellipal device is an fresh player on the hardware wallet market and promises to be 100% secure due to its complete separation from any computer or network. The company behind it is new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is in line with other wallets. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the track record and security measures of other wallets before making a decision. Ultimately, the decision of whether or not the Ellipal wallet is 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 easy to use as other hardware wallets. It’s also an extremely new product that’s available.