The world of cryptocurrency has seen a significant increase in the amount of hardware wallets available in recent years, each promises to keep digital assets safe and secure. The Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for safe the storage and protection of assets becomes more important. It is the Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The company’s website as well as online reviews claim they are 100% safe, however it is important to remember that hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised device that is infected with viruses your private keys are still safe and secure.
Its Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes through cameras on its rear of the. This makes it a very safe option since it blocks the possibility of a hacker gaining gain access to private information by a network connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as convenient to use as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it has not been combat-tested to date. This is something prospective buyers need to be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) have been around for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. However, the company is working to add more support for coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market for hardware wallets and promises that it is 100% safe due to its total inaccessibility to any network or computer. Its creators are relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag at $149 is comparable with its competitors. While the idea of a totally isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other hardware wallets prior to making a choice. The final decision about whether the Ellipal wallet is worth the cost is up to the person who buys it. It’s a very secure option with an innovative design, but it’s not as convenient to use as other hardware wallets, and it’s a relatively new product that’s available.