The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets in recent years, each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a 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 more crucial. It is the Ellipal wallet can be described as a device that keeps the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young player in the market. It raised $55K through the course of an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews state that their hardware wallet is completely safe, however it is important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised device that has been infected with viruses Your private keys are still safe and secure.
The Ellipal wallet is unique in its design. It is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of hackers having access to the private key by the network. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, meaning that it has not been combat-tested to date. This is something potential buyers need to take into consideration when purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) were around for longer and have a established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. The company is currently working on adding the support of more coins in the near future.
In the end it is clear that the Ellipal wallet has been a brand new competitor in the market of hardware wallets and promises to be 100% secure because of its complete inaccessibility to any network or computer. Its creators are relatively new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and its price of $149 is in line with the other options. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal device is well worth the price is up to the individual. It’s a safe option that has a modern design however, it’s not as easy to use as other hardware wallets, and it’s an extremely new product available on the market.