The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market in recent years, all claims that digital assets will be safe and secure. The Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe security for digital asset storage is becoming increasingly essential. Ellipal wallet Ellipal digital wallet gadget which keeps the private keys to digital assets offline to prevent hackers from taking the keys from a remote location.
Ellipal, the company behind the wallet’s hardware component, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website as well as reviews online claim the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets of rival companies like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to view your private key. For example, even if the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes through a camera on the rear of the. This makes it a very secure option as it eliminates the possibility of a hacker having gain access to private information through a network connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it’s not combat-tested to date. This is something prospective buyers should keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were around for a longer time and have a established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add support for more coins in the future.
In the end, the Ellipal wallet has been a new player in the hardware wallet market, promising to be completely secure due to its complete inaccessibility to any computer or network. The company behind it is relatively new and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price at $149 is comparable with the other options. While the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the history and security features of other hardware wallets prior to making a choice. In the end, the decision on whether or not the Ellipal device is well worth the price is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as easy for use like other wallets. It’s also an all-new product available on the market.