The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets on the market in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for secure storage of digital assets becomes more essential. The Ellipal wallet can be described as a device that keeps the private key to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The company’s website as well as reviews online claim they are completely secure, however, it’s important to keep in mind that hardware wallets of rival companies like TREZOR and Ledger are constructed in a manner that no one outside can see your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised device that is infected with viruses, your private keys are still secure and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using an image camera at 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 via a network connection. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which implies that it has not been battle-tested yet. This is something potential buyers must be aware of when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are around for longer and have an established track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to provide support for more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the hardware wallet market and promises that it is 100% safe due to its total inaccessibility to any computer or network. The company behind it is new and the product has not been battle-tested yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is on par with other wallets. While the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the track record and security features of other hardware wallets before making a decision. The final decision about whether or not the Ellipal device is well worth the price is up to the person who buys it. It’s a very secure option that has a modern design however, it’s not as easy for use like other hardware wallets. It’s also an extremely new product available on the market.