The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years, all promising to keep digital assets safe and secure. Its Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for secure the storage and protection of assets becomes more essential. Ellipal wallet Ellipal wallet can be described as a device that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young player in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website and online reviews claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of competing companies such as TREZOR and Ledger are made in a way that no outside attacker can view your private key. For example, even if you connect your TREZOR to a compromised computer that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it a highly safe option since it blocks the possibility of a hacker getting an access point to your private keys by a network connection. It’s important to note that this means the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which means that it’s not tested in battle yet. This is something that potential buyers should be aware of when buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) are on the market for a longer time and have a proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide more support for coins in the future.
In the end In conclusion, the Ellipal wallet has been a brand new competitor in the market for hardware wallets, promising that it is 100% secure because of its complete separation from any computer or network. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is on par with its competitors. Although the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallets before making a choice. The final decision about whether or not the Ellipal wallet is worth the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as user-friendly to use as other hardware wallets. Additionally, it’s an all-new product that’s available.