The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available on the market in recent years, all promises to keep digital assets safe and secure. Its Ellipal wallet is a brand new entry into the market and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe the storage and protection of assets becomes increasingly important. It is the Ellipal digital wallet device which keeps the private keys to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim the hardware wallet as 100% safe, however it is important to note that the hardware wallets of rival companies like TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private keys. In the event that, for instance, you connect your TREZOR on a compromised system that is infected with viruses, your private keys remain secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any network or computer which means it does not have wireless or wired connections. Instead, it communicates through QR codes through cameras on its back of the. This makes it a highly safe option since it blocks the possibility of a hacker having access to the private key through an internet connection. However, it’s important to remember 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 to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it has not been combat-tested to date. This is something that potential buyers should keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were around for longer and have an established track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. However, the company is working to provide the support of more coins in the near future.
In the end In conclusion, the Ellipal device is an brand new player on the market for hardware wallets that claims that it is 100% secure because of its complete inaccessibility to any network or computer. Ellipal is a company that’s relatively new, and the product has not been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with the other options. Although the concept of a totally separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient to use as other hardware wallets, and it’s an all-new product available on the market.