The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years, all claims that digital assets will be safe and secure. Its Ellipal wallet is a brand new entry into the market and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for safe security for digital asset storage becomes more important. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets offline and prevents hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to fund the development of their product. The company’s website and online reviews claim that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets from rival companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR to a compromised system that has been infected with viruses, your private keys remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using a camera on the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining gain access to private information by the network. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something prospective buyers should take into consideration when buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) were in business for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to provide support for more coins in the near future.
In conclusion, the Ellipal wallet has been a new player in the hardware wallet market that claims to be 100% secure due to its complete isolation from any network or computer. Its creators are 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 the price at $149 is comparable with its competitors. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as user-friendly for use like other wallets, and it’s a relatively new product that’s available.