The world of cryptocurrency has seen an significant increase in the number of hardware wallets available on the market in recent years, each promises to keep digital assets safe and secure. The Ellipal wallet is the latest entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for safe storage of digital assets becomes more crucial. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews claim the hardware wallet as 100% safe, however it is important to note that the hardware wallets from rival businesses like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised system that has been infected with viruses Your private keys remain protected and safe.
The Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes through an image camera at the back of the. This makes it a highly safe option since it blocks the possibility of a hacker gaining access to the private key through a network connection. It’s important to note that this also means that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it has not been battle-tested yet. This is something potential buyers should be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) were around for a longer time and have a established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. However, the company is working to add the support of more coins in the near future.
In conclusion, it is clear that the Ellipal wallet is a new player on the market for hardware wallets, promising to be 100% safe due to its total isolation from any computer or network. Its creators are relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and its price at $149 is comparable with other wallets. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the security and track record features of other hardware wallets before making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the price is up to the person who buys it. It’s a safe option with a unique design but it’s not as convenient to use as other wallets. It’s also a relatively new product that’s available.