The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets in recent years, all promising to keep digital assets secure and safe. Its Ellipal wallet is the latest competitor in the field, and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for safe security for digital asset storage becomes more important. The Ellipal wallet can be described as a gadget which keeps the private keys to digital assets off-line to prevent hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews claim that their hardware wallet is completely secure, but it’s important to remember that hardware wallets from rival firms like TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR with a compromised computer which is infected by 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 computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker getting gain access to private information by the network. It’s important to note that this means the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it has not been combat-tested to date. This is something prospective buyers should take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for a longer time and have a proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. But, the company is currently working on adding support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new competitor in the hardware wallet market and promises to be 100% safe due to its total inaccessibility to any computer or network. The company behind it is new, and the product has not been tested in battle yet. The Ellipal wallet supports only a few coins and its price at $149 is comparable with the other options. While the idea of a fully separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a safe option that has a modern design however, it’s not as easy to use as other hardware wallets, and it’s an all-new product on the market.