The world of cryptocurrency has witnessed a significant increase in the amount of wallets that are hardware in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from its competitors by offering a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage becomes more important. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets indefinitely to prevent hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews claim they are 100% secure, however, it’s important to note that the hardware wallets from rival companies like TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised system which is infected by viruses Your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes through an image camera at the rear end. This makes it a highly secure choice as it removes the possibility of a hacker having gain access to private information via the network. However, it’s important to remember that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly new to the market, meaning that it has not been tested in battle yet. This is something prospective buyers should be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have a established track records of security.
Regarding support for coins, 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 along with ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to add the support of more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal device is an fresh player on the market for hardware wallets that claims to be 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with its competitors. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the history and security measures of other wallet options before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a safe option that has a modern design however, it’s not as user-friendly for use like other wallets, and it’s an all-new product available on the market.