The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets in recent years, each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes increasingly crucial. It is the Ellipal digital wallet device that keeps the private key to digital assets off-line and prevents hackers from taking the keys remotely.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website as well as reviews online claim the hardware wallet as completely secure, however, it’s important to remember that hardware wallets from rival businesses like TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that is infected with viruses, your private keys will remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes using an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of a hacker getting access to the private key by a network connection. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, meaning that it has not been tested in battle yet. This is something potential buyers must take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for longer and have a established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is currently working on adding support for more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the hardware wallet market and promises that it is 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with other wallets. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallets before making a decision. The final decision about whether the Ellipal device is well worth the price is up to the individual. It’s an extremely secure choice with a unique design but it’s not as convenient to use as other wallets, and it’s a relatively new product available on the market.