The cryptocurrency market has seen an significant rise in the number of hardware wallets on the market in recent years, each promising to keep digital assets safe and secure. The Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe the storage and protection of assets becomes increasingly essential. The Ellipal digital wallet gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. They raised $55K in an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews state that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of competing companies like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR with a compromised system that is infected with viruses Your private keys remain safe and secure.
Its Ellipal wallet is distinctive in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes using a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of hackers gaining gain access to private information by the network. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which implies that it has not been tested in battle yet. This is something potential buyers need to take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were in business for longer and have a 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 currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. But, the company is currently working on adding more support for coins in the future.
In conclusion In conclusion, the Ellipal wallet is a new competitor in the market for hardware wallets and promises that it is 100% secure due to its complete isolation from any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is on par with other wallets. Although the concept of a totally separated hardware wallet sounds appealing but it’s crucial to look at the track record and security features of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal device is well worth the cost is up to the individual. It’s a very secure option that has a modern design but it’s not as convenient in use as the other hardware wallets. Additionally, it’s a relatively new product available on the market.