The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets on the market in recent years, all promises that digital assets will be safe and secure. The Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe the storage and protection of assets is becoming increasingly crucial. It is the Ellipal wallet can be described as a gadget that stores the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The company’s website and reviews online claim the hardware wallet as completely safe, however it is important to remember that hardware wallets from rival companies such as 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 on a compromised device that is infected with viruses Your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of hackers having gain access to private information by the network. It’s important to note that this could mean that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it isn’t battle-tested yet. This is something potential buyers should take into consideration when buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for a longer time and have a an established track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide the support of more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a brand new player in the market for hardware wallets, promising to be 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s new and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is in line with its competitors. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallets prior to making a decision. The final decision about whether the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s a relatively new product that’s available.