The world of cryptocurrency has seen an significant increase in the amount of hardware wallets in recent years. Each promising to keep digital assets secure and safe. Its Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal digital wallet device which keeps the private keys to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of rival businesses such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if the TREZOR is connected TREZOR to a compromised system that is infected with viruses Your private keys will remain secure and safe.
Its Ellipal wallet is unique in its design. It is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes using a camera on the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining access to the private key through 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 simple transactions.
The Ellipal wallet costs $149 and is fairly recent to market which implies that it’s not battle-tested yet. This is something prospective buyers must keep in mind when considering purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) are on the market for longer and have a established track records of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to add support for more coins in the near future.
In conclusion In conclusion, the Ellipal wallet is a brand new player in the hardware wallet market, promising to be 100% safe due to its total separation from any network or computer. Ellipal is a company that’s relatively new and the product has not been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and the price of $149 is on par with other wallets. Although the concept of a totally separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallet options before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an extremely new product that’s available.