The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets on the market in recent years, each promises to keep digital assets secure and safe. The Ellipal wallet is a new competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure storage of digital assets is becoming increasingly important. It is the Ellipal wallet is a gadget that stores the private key to digital assets off-line and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. They raised $55K in an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim that their hardware wallet is completely safe, however it is important to keep in mind that hardware wallets of rival businesses such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. In the event that, for instance, the TREZOR is connected TREZOR to a compromised system which is infected by viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes through a camera on the rear end. This makes it a highly secure choice as it removes the possibility of hackers gaining gain access to private information by a network connection. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it isn’t battle-tested yet. This is something prospective buyers need to keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are on the market for a longer time and have a proven track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. But, the company is currently working on adding support for more coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet is a new player in the market for hardware wallets, promising to be completely secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s new and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins, and its price tag at $149 is comparable with the other options. While the idea of a fully separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallets prior to making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly to use as other wallets. It’s also an all-new product available on the market.