The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets on the market in recent years, each promising that digital assets will be safe and secure. Its Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe security for digital asset storage becomes more important. The Ellipal wallet is a gadget that stores the private key to digital assets off-line to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to finance its development. The company’s website as well as online reviews claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets of competing companies such as TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR with a compromised device that has been infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wireless or wired connections. Instead, it communicates via QR codes via a camera on the rear end. This makes it a very safe option since it blocks the possibility of hackers getting access to the private key via an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which means that it’s not tested in battle yet. This is something prospective buyers need to be aware of when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) are around for longer 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 currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to provide support for more coins in the near future.
In conclusion, it is clear that the Ellipal device is an fresh player in the market for hardware wallets and promises to be 100% secure because of its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with other wallets. Although the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the history and security measures of other 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 however, it’s not as easy in use as the other wallets. It’s also an all-new product on the market.