The cryptocurrency market has seen a significant increase in the amount of hardware wallets available in recent years, all promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure security for digital asset storage becomes more important. Ellipal wallet Ellipal wallet is a gadget which keeps the private keys to digital assets off-line to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets of competing companies such as TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR with a compromised device that has been infected with viruses, your private keys will remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes through a camera on the rear end. This makes it a very secure choice as it removes the possibility of hackers getting an access point to your private keys via the network. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it has not been tested in battle yet. This is something that potential buyers must keep in mind when considering purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add the support of more coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet is a fresh player in the market for hardware wallets and promises to be 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is in line with the other options. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the security and track record measures of other wallets before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy for use like other hardware wallets. It’s also a relatively new product on the market.