The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available in recent years, all promises to keep digital assets safe and secure. Its Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe storage of digital assets is becoming increasingly important. The Ellipal wallet can be described as a tool that keeps the private key to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The company’s website as well as reviews online claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of rival companies like TREZOR as well as Ledger are made in a way that no one outside can view your private key. For instance, even if the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses, your private keys will remain secure and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through a camera on the rear of the. This makes it a very 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 means the Ellipal wallet isn’t as convenient to use like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it’s not tested in battle yet. This is something prospective buyers must be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have a proven track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to provide support for more coins in the future.
In conclusion, the Ellipal wallet has been a brand new competitor in the market for hardware wallets, promising to be completely secure due to its complete separation from any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag at $149 is comparable with its competitors. Although the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other wallet options before making a decision. Ultimately, the decision of whether the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option with an innovative design, but it’s not as convenient to use as other wallets, and it’s an all-new product on the market.