The world of cryptocurrency has seen a significant increase in the number of hardware wallets available on the market in recent years, all promises to keep digital assets secure and safe. The Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for safe the storage and protection of assets becomes more crucial. Ellipal wallet Ellipal wallet is a tool which keeps the private keys to digital assets off-line, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The company’s website and online reviews state the hardware wallet as 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR to a compromised system that is infected with viruses your private keys are still safe and secure.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its rear end. This makes it a highly safe option since it blocks the possibility of a hacker having an access point to your private keys via the network. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it’s not combat-tested to date. This is something prospective buyers need to keep in mind when considering buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for longer and have a an established track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount 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 the support of more coins in the future.
In the end it is clear that it is clear that the Ellipal wallet is a new competitor in the hardware wallet market that claims that it is 100% secure due to its complete isolation from any computer or network. Ellipal is a company that’s relatively new and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with other wallets. While the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the individual. It’s a very secure option with a unique design but it’s not as convenient for use like other hardware wallets. Additionally, it’s an all-new product available on the market.