The world of cryptocurrency has witnessed an significant increase in the number of wallets that are hardware in recent years. Each promising to keep digital assets secure and safe. The Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure storage of digital assets is becoming increasingly essential. It is the Ellipal digital wallet tool that keeps the private key to digital assets indefinitely to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to finance the development of their product. The company’s website and online reviews claim that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets from rival businesses like TREZOR as well as Ledger are made in a way that no attacker from outside is able to access your private keys. For example, even if you connect your TREZOR with a compromised computer that has been infected with viruses Your private keys remain protected and safe.
Its Ellipal wallet is unique in its design. It is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes using a camera on the back of the. This makes it a highly safe option since it blocks the possibility of hackers gaining gain access to private information by the network. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it isn’t tested in battle yet. This is something prospective buyers need to take into consideration when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide more support for coins in the near future.
In the end it is clear that the Ellipal wallet is a brand new player in the market of hardware wallets and promises to be 100% safe due to its total isolation from any network or computer. Its creators are new and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins and its price of $149 is on par with other wallets. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the history and security measures of other hardware wallets prior to 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 very secure option with a unique design but it’s not as convenient to use as other wallets. Additionally, it’s an extremely new product on the market.