The cryptocurrency market has witnessed a significant increase in the number of hardware wallets available on the market in recent years, each promises to keep digital assets secure and safe. The Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe storage of digital assets becomes more important. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim the hardware wallet as 100% secure, but it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if you connect your TREZOR with a compromised computer that is infected with viruses, your private keys remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of a hacker having an access point to your private keys via an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it isn’t tested in battle yet. This is something that potential buyers need to take into consideration when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were around for longer and have a proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add support for more coins in the future.
In the end it is clear that the Ellipal device is an fresh player in the market of hardware wallets that claims to be 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 a limited number of coins, and its price tag of $149 is on par with its competitors. Although the concept of a totally exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other hardware wallets prior to making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the price is up to the individual. It’s a safe option that has a modern design however, it’s not as easy for use like other hardware wallets. It’s also an extremely new product that’s available.