The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets on the market in recent years, all claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage is becoming increasingly essential. It is the Ellipal wallet can be described as a gadget that stores the private key to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to finance research and development for their products. The company’s website and reviews online claim they are completely secure, but it’s important to remember that hardware wallets of rival companies like TREZOR as well as Ledger are made in a way that no outside attacker can see your private keys. In the event that, for instance, you connect your TREZOR with a compromised system that has been infected with viruses your private keys are still safe and secure.
Its Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes via a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker gaining access to the private key through the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, meaning that it isn’t battle-tested yet. This is something that potential buyers must be aware of when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been on the market for a longer time and have a an established track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market of hardware wallets that claims that it is 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and its price of $149 is in line with other wallets. While the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a safe option that has a modern design however, it’s not as easy in use as the other wallets. Additionally, it’s a relatively new product that’s available.