The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is a new entrant in this field and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe security for digital asset storage becomes more important. Ellipal wallet Ellipal wallet is a gadget that stores the private key to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website as well as reviews online claim they are 100% safe, however it is important to remember that hardware wallets from rival companies such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to view your private key. In the event that, for instance, you connect your TREZOR with a compromised device which is infected by viruses your private keys are still safe and secure.
Its Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connections. Instead, it communicates via QR codes through a camera on the rear of the. This makes it a highly safe option since it blocks the possibility of hackers getting access to the private key through a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it’s not battle-tested yet. This is something potential buyers should be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were in business for a longer time and have a proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. The company is working to add more support for coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet is a brand new player on the market of hardware wallets that claims that it is 100% secure due to its complete separation from any computer or network. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports only a few coins, and its price tag at $149 is comparable with its competitors. Although the concept of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other hardware wallets before making a choice. The final decision about whether or not the Ellipal product is worthwhile for the cost is up to the individual. It’s a very secure option with a unique design however, it’s not as easy to use as other hardware wallets. Additionally, it’s a relatively new product that’s available.