The cryptocurrency market has seen a significant rise in the number of hardware wallets available on the market in recent years, each promises to keep digital assets safe and secure. Its Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure the storage and protection of assets becomes increasingly important. It is the Ellipal wallet can be described as a device that keeps the private key to digital assets indefinitely, preventing hackers from stealing them remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website as well as online reviews claim the hardware wallet as 100% secure, but it’s important to keep in mind that hardware wallets of competing firms such as TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For instance, even if it is possible to connect your TREZOR with a compromised computer that is infected with viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes using a camera on the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker gaining an access point to your private keys by the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly new to the market, meaning that it’s not combat-tested to date. This is something prospective buyers should be aware of when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are in business for longer and have a an established track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. However, the company is currently working on adding more support for coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market for hardware wallets and promises that it is 100% secure due to its complete isolation from 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 supports only a few coins and its price at $149 is comparable with other wallets. Although the concept of a fully separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as easy to use as other wallets. Additionally, it’s an extremely new product that’s available.