The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years. Each promising to keep digital assets secure and safe. The Ellipal wallet is a new competitor in the field, and hopes to differentiate from its competitors by offering an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe security for digital asset storage is becoming increasingly important. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The company’s website as well as reviews online claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of rival firms such as TREZOR and Ledger are constructed in a manner that no one outside can view your private key. For example, even if you connect your TREZOR to a compromised system that has been infected with viruses your private keys are still secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes through an image camera at the back of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining an access point to your private keys through a network connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it isn’t tested in battle yet. This is something potential buyers must be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were on the market for longer and have a an established track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. But, the company is working to provide more support for coins in the near future.
In the end In conclusion, the Ellipal device is an new player on the hardware wallet market, promising to be 100% secure due to its complete isolation from any computer or network. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with other wallets. Although the idea of a totally isolated hardware wallet is intriguing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option that has a modern design however, it’s not as user-friendly to use as other hardware wallets. It’s also an extremely new product on the market.