The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years, each promising to keep digital assets safe and secure. Its Ellipal wallet is a new entry into the market and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure storage of digital assets is becoming increasingly essential. It is the Ellipal digital wallet gadget that stores 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 company on the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of competing companies like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if the TREZOR is connected TREZOR on a compromised system that is infected with viruses Your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes via an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of hackers having gain access to private information via 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 can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively recent to market which implies that it’s not tested in battle yet. This is something that potential buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and 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, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add support for more coins in the future.
In the end, it is clear that the Ellipal wallet has been a new competitor in the market of hardware wallets that claims to be 100% secure because of its complete inaccessibility to any network or computer. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price of $149 is on par with its competitors. Although the concept of a completely isolated hardware wallet is intriguing, it’s important to consider the history and security features of other hardware wallet options before making a decision. The final decision about whether the Ellipal wallet is worth the price is up to the individual. It’s a very secure option with an innovative design, however, it’s not as easy to use as other wallets. Additionally, it’s an extremely new product available on the market.