The world of cryptocurrency has witnessed an significant increase in the amount of wallets that are hardware in recent years. Each claims to keep digital assets secure and safe. Its Ellipal wallet is the latest entrant in this field and hopes to differentiate from its competitors by offering a completely isolated solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage becomes increasingly important. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets off-line to prevent hackers from taking them remotely.
Ellipal the company that developed the hardware wallet is a relatively young company on the market. They raised $55K in an Indiegogo campaign to help fund its development. The website of the company and its reviews online claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets of competing businesses such as TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised computer that has been infected with viruses your private keys remain secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes using cameras on its rear of the. This makes it a highly secure choice as it removes the possibility of a hacker gaining access to the private key through an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it isn’t battle-tested yet. This is something that potential buyers must be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have a established track records of security.
In terms of coin support, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to provide more support for coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet has been a brand new player on the market for hardware wallets that claims to be 100% secure due to its complete isolation from any computer or network. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with its competitors. Although the concept of a totally exclusive hardware wallet is appealing however, you should consider the track record and security measures of other wallets before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option that has a modern design but it’s not as convenient for use like other hardware wallets. It’s also a relatively new product available on the market.