The world of cryptocurrency has seen an significant increase in the amount of hardware wallets available in recent years. Each promises to keep digital assets safe and secure. The Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing an entirely separate solution. As cryptocurrency usage grows more commonplace, the need for secure storage of digital assets is becoming increasingly important. Ellipal wallet Ellipal wallet is a tool that keeps the private key to digital assets off-line to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to fund its development. The website of the company and its reviews online claim the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets of rival companies like TREZOR and Ledger are constructed in a manner that no one outside can access your private keys. For instance, even if you connect your TREZOR with a compromised device that has been infected with viruses Your private keys are still protected and safe.
The Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via an image camera at the back of the. This makes it an extremely safe option since it blocks the possibility of a hacker having access to the private key through the network. However, it’s worth noting that this also means that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it has not been tested in battle yet. This is something potential buyers should take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been around for longer and have a proven 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 currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. The company is working to add support for more coins in the near future.
In conclusion In conclusion, the Ellipal wallet has been a new player on the market for hardware wallets that claims to be 100% secure because of its complete inaccessibility to any computer or network. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is in line with its competitors. While the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient in use as the other wallets, and it’s an all-new product that’s available.