The cryptocurrency market has seen an significant increase in the number of hardware wallets available in recent years, all promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering a completely isolated solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe the storage and protection of assets becomes more essential. Ellipal wallet Ellipal wallet is a tool which keeps the private keys to digital assets off-line, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young company on the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The company’s website as well as online reviews state the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets of competing companies like TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised device which is infected by viruses Your private keys remain safe and secure.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via a camera on the rear end. This makes it a very secure option as it eliminates the possibility of hackers having gain access to private information via an internet connection. However, it’s important to remember that this means the Ellipal wallet is not as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it isn’t combat-tested to date. This is something that potential buyers must be aware of when purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) are around for a longer time and have a proven track record of security.
Regarding support for coins, the Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to provide support for more coins in the near future.
In conclusion, it is clear that the Ellipal wallet is a brand new player in the market of hardware wallets, promising that it is 100% secure due to its complete isolation from any computer or network. Ellipal is a company that’s relatively new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is in line with other wallets. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the history and security measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice that has a modern design but it’s not as convenient to use as other wallets. It’s also an extremely new product available on the market.