The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available on the market in recent years, each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe the storage and protection of assets becomes increasingly important. It is the Ellipal wallet is a device that stores the private key to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The website of the company and its reviews online claim that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets from rival companies like TREZOR and Ledger are also designed in a way that no one outside can see your private keys. For example, even if you connect your TREZOR with a compromised device that is infected with viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes through an image camera at the rear end. This makes it a very safe option since it blocks the possibility of hackers getting an access point to your private keys via a network connection. It’s important to note that this could mean that the Ellipal wallet isn’t as convenient to use as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which implies that it’s not tested in battle yet. This is something prospective buyers need to keep in mind when considering purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are in business for longer and have a proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. But, the company is working to add support for more coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a brand new player in the market of hardware wallets, promising to be 100% secure due to its complete inaccessibility to any computer or network. The company behind it is relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag at $149 is comparable with other wallets. Although the concept of a fully exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option with a unique design however, it’s not as user-friendly for use like other wallets. Additionally, it’s an extremely new product on the market.