The world of cryptocurrency has seen an significant rise in the number of hardware wallets in recent years. Each promising to keep digital assets safe and secure. The Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure storage of digital assets becomes increasingly crucial. The Ellipal digital wallet device that stores the private key to digital assets off-line and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, the TREZOR is connected TREZOR to a compromised computer which is infected by viruses Your private keys will remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes using an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of hackers getting an access point to your private keys via a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $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 be aware of when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) were on the market for longer and have a proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. But, the company is currently working on adding more support for coins in the future.
In the end In conclusion, the Ellipal wallet has been a new player on the hardware wallet market and promises that it is 100% safe due to its total isolation from any network or computer. Its creators are relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is in line with its competitors. Although the idea of a fully exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallet options before making a decision. In the end, the decision on whether the Ellipal product is worthwhile for 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 a relatively new product available on the market.