The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market in recent years, all claims to keep digital assets secure and safe. The Ellipal wallet is the latest competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe storage of digital assets becomes more essential. The Ellipal wallet is a tool which keeps the private keys to digital assets offline and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to finance its development. The company’s website and reviews online claim the hardware wallet as completely secure, however, it’s important to remember that hardware wallets of rival companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR to a compromised computer that has been infected with viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes using a camera on the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker gaining an access point to your private keys by an internet connection. However, it’s important to remember that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which implies that it’s not combat-tested to date. This is something potential buyers need to be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were on the market for longer and have a an established track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add more support for coins in the near future.
In the end In conclusion, it is clear that the Ellipal wallet is a brand new competitor in the market for hardware wallets that claims to be completely safe due to its total inaccessibility to any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is in line with the other options. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other hardware wallets prior to making a decision. In the end, the decision on whether the Ellipal device is well worth the cost is entirely up to the user. It’s a very secure option with a unique design however, it’s not as user-friendly in use as the other hardware wallets. It’s also an all-new product that’s available.