The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware in recent years, each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for safe storage of digital assets becomes more essential. It is the Ellipal wallet is a tool that stores the private key to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets of competing firms such as TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if you connect your TREZOR to a compromised system that is infected with viruses, your private keys will remain secure and safe.
The Ellipal wallet is unique in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes via an image camera at the back of the. This makes it a very safe option since it blocks the possibility of a hacker having gain access to private information via a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market meaning that it isn’t combat-tested to date. This is something that potential buyers need to take into consideration when purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were around for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. However, the company is currently working on adding support for more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the market of hardware wallets that claims that it is 100% safe due to its total inaccessibility to any network or computer. The company behind it is relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with other wallets. Although the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallets before making a decision. The final decision about whether the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy for use like other hardware wallets. Additionally, it’s an extremely new product available on the market.