The cryptocurrency market has witnessed an significant increase in the amount of hardware wallets on the market in recent years, all claims that digital assets will be secure and safe. The Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes more essential. Ellipal wallet Ellipal wallet is a gadget that stores the private key to digital assets offline and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website as well as reviews online claim they are 100% secure, however, it’s important to keep in mind that hardware wallets of competing companies such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. In the event that, for instance, you connect your TREZOR with a compromised device that has been infected with viruses, your private keys are still protected and safe.
The Ellipal wallet is unique in its design, it is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via an image camera at the rear of the. This makes it an extremely safe option since it blocks the possibility of a hacker having gain access to private information through an internet connection. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it’s not combat-tested to date. This is something potential buyers need to take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are around 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 is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. But, the company is working to add the support of more coins in the future.
In conclusion it is clear that it is clear that the Ellipal device is an brand new player on the market for hardware wallets that claims that it is 100% secure because of its complete separation from any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is in line with the other options. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets before making a decision. The final decision about whether the Ellipal wallet is worth the cost is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient for use like other hardware wallets, and it’s an all-new product that’s available.