The world of cryptocurrency has witnessed an significant rise in the number of wallets that are hardware on the market in recent years, each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure storage of digital assets becomes increasingly essential. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets off-line to prevent hackers from taking them remotely.
Ellipal the company that developed the hardware wallet, is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews state the hardware wallet as completely safe, however it is important to remember that hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses Your private keys will remain protected and safe.
Its Ellipal wallet is unique in its design, it is completely unconnected to any network or computer, meaning it has no wireless or wired connections. Instead, it communicates through QR codes via cameras on its back of the. This makes it a very safe option since it blocks the possibility of a hacker getting an access point to your private keys through a network connection. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it has not been battle-tested yet. This is something prospective buyers should take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been on the market for a longer time and have a an established track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to add support for more coins in the near future.
In conclusion, the Ellipal device is an brand new player on the market of hardware wallets that claims to be 100% secure due to its complete separation from any network or computer. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and its price of $149 is on par with its competitors. Although the idea of a totally isolated hardware wallet is intriguing however, you should consider the security and track record measures of other wallet options before making a choice. The final decision about whether the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly for use like other wallets. It’s also a relatively new product on the market.