The world of cryptocurrency has seen a significant increase in the number of hardware wallets in recent years, all promises that digital assets will be secure and safe. The Ellipal wallet is the latest entry into the market and hopes to differentiate from its competitors by offering an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage becomes increasingly essential. It is the Ellipal wallet is a gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets of competing firms such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. For instance, even if the TREZOR is connected TREZOR with a compromised computer that is infected with viruses your private keys remain safe and secure.
The Ellipal wallet is unique in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes using a camera on the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting access to the private key through a network connection. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it has not been combat-tested to date. This is something potential buyers must keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for longer and have a established track records of security.
In terms of support for coin, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to provide the support of more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new player on the market of hardware wallets, promising that it is 100% safe due to its total separation from any computer or network. Its creators are new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is in line with the other options. While the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other hardware wallet options before making a choice. The final decision about whether the Ellipal wallet is worth the cost is up to the individual. It’s a very secure option with a unique design however, it’s not as user-friendly for use like other wallets. Additionally, it’s an extremely new product available on the market.