The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years, all claims to keep digital assets secure and safe. Its Ellipal wallet is the latest competitor in the field, and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for safe security for digital asset storage is becoming increasingly essential. The Ellipal wallet is a device which keeps the private keys to digital assets offline to prevent hackers from taking the keys remotely.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. They raised $55K in an Indiegogo campaign to help fund its development. The website of the company and its reviews online claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, you connect your TREZOR to a compromised device that has been infected with viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes via cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of a hacker gaining access to the private key via the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t as convenient to use as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it isn’t 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 makers today (TREZOR and Ledger) were around for a longer time and have a proven track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to add more support for coins in the future.
In the end In conclusion, the Ellipal device is an new competitor in the market of hardware wallets and promises to be 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is in line with other wallets. Although the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the history and security features of other hardware wallets before making a choice. Ultimately, the decision of whether the Ellipal device is well worth the price is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as easy for use like other hardware wallets. It’s also an all-new product available on the market.