The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years. Each promises to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe the storage and protection of assets is becoming increasingly essential. The Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim they are 100% secure, however, it’s important to note that the hardware wallets of rival businesses such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised system that is infected with viruses your private keys will remain protected and safe.
Its Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes using a camera on the back of the. This makes it an extremely secure choice as it removes the possibility of hackers having gain access to private information by the network. It’s important to note that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it isn’t tested in battle yet. This is something prospective buyers need to keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for a longer time and have a proven track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is currently working on adding more support for coins in the near future.
In conclusion In conclusion, the Ellipal device is an new player in the market for hardware wallets, promising to be completely secure due to its complete separation from any computer or network. The company behind it is new, and the product has not been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins, and its price tag at $149 is comparable with its competitors. Although the idea of a fully separated hardware wallet sounds appealing however, you should consider the history and security features of other hardware wallets prior to making a decision. The final decision about whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice with a unique design but it’s not as convenient for use like other hardware wallets. Additionally, it’s an all-new product on the market.