The world of cryptocurrency has seen an significant increase in the amount of hardware wallets available on the market in recent years. Each promises to keep digital assets secure and safe. Its Ellipal wallet is the latest competitor in the field, and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure security for digital asset storage becomes increasingly essential. The Ellipal wallet is a gadget that stores the private key to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website and online reviews claim that their hardware wallet is completely safe, however it is important to keep in mind that hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. For instance, even if it is possible to connect your TREZOR with a compromised computer that is infected with viruses your private keys are still safe and secure.
Its Ellipal wallet is unique in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes through a camera on the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining access to the private key by the network. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it’s not tested in battle yet. This is something potential buyers need to be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) have been around for longer and have an established track record of security.
In terms of support for coin, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. But, the company is currently working on adding the support of more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the market for hardware wallets that claims that it is 100% secure because of its complete isolation from any computer or network. Ellipal is a company that’s new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with its competitors. While the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other wallet options before making a choice. In the end, the decision on whether or not the Ellipal device is well worth the cost is up to the person who buys it. It’s an extremely secure choice with a unique design but it’s not as convenient in use as the other hardware wallets. It’s also an extremely new product that’s available.