The world of cryptocurrency has seen an significant increase in the amount of hardware wallets in recent years, each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and hopes to differentiate from its rivals by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe security for digital asset storage becomes more crucial. The Ellipal wallet is a gadget which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its reviews online claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of competing companies such as TREZOR and 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 to a compromised system which is infected by viruses Your private keys will remain safe and secure.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes via cameras on its back of the. This makes it an extremely safe option since it blocks the possibility of a hacker getting gain access to private information by a network connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as convenient to use as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something potential buyers should be aware of when buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been around for longer and have proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to provide support for more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal device is an new player in the market of hardware wallets that claims to be 100% secure because of its complete separation from any computer or network. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins, and its price tag at $149 is comparable with the other options. Although the concept of a fully exclusive hardware wallet is appealing however, you should consider the history and security measures of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal device is well worth the price is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other hardware wallets. Additionally, it’s a relatively new product that’s available.