The world of cryptocurrency has seen an significant increase in the amount of hardware wallets in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure security for digital asset storage becomes increasingly crucial. The Ellipal wallet can be described as a device that keeps the private key to digital assets indefinitely and prevents hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware component, 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 and online reviews state that their hardware wallet is completely safe, however it is important to remember that hardware wallets from rival businesses like TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. For example, even if you connect your TREZOR on a compromised device which is infected by viruses your private keys are still safe and secure.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes using cameras on its rear end. This makes it a highly secure choice as it removes the possibility of a hacker gaining gain access to private information by a network connection. However, it’s important to remember that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it isn’t battle-tested yet. This is something prospective buyers need to be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for a longer time and have a proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. The company is working to provide support for more coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a brand new competitor in the market of hardware wallets that claims that it is 100% secure because of its complete separation from any computer or network. Ellipal is a company that’s new and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is on par with the other options. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the security and track record measures of other wallets prior to making a decision. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as easy for use like other hardware wallets. Additionally, it’s an extremely new product that’s available.