The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years, all promises that digital assets will be secure and safe. Its Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe storage of digital assets becomes more essential. It is the Ellipal wallet is a gadget that stores the private key to digital assets off-line to prevent hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim they are 100% secure, but it’s important to remember 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 see your private keys. For example, even if it is possible to connect your TREZOR with a compromised system that is infected with viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connections. Instead, it transmits QR codes using cameras on its back 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 could mean that the Ellipal wallet isn’t so user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it isn’t combat-tested to date. This is something prospective buyers should be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have a an established track record of security.
In terms of coin support 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 and ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. However, the company is currently working on adding more support for coins in the future.
In the end In conclusion, it is clear that the Ellipal wallet has been a brand new competitor in the market of hardware wallets and promises that it is 100% safe due to its total separation from any network or computer. Its creators are relatively new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is on par with its competitors. Although the concept of a fully exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallets before making a decision. In the end, the decision on whether the Ellipal wallet is worth the cost is up to the individual. It’s a safe option that has a modern design however, it’s not as easy for use like other wallets. It’s also a relatively new product available on the market.