The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets in recent years, each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe security for digital asset storage becomes increasingly important. The Ellipal wallet is a tool which keeps the private keys to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The company’s website as well as reviews online claim that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of competing businesses such as TREZOR and Ledger are made in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR with a compromised device that has been infected with viruses, your private keys remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely disconnected from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes through cameras on its rear end. This makes it an extremely secure option as it eliminates the possibility of hackers having an access point to your private keys by the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as convenient to use like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it isn’t combat-tested to date. This is something potential buyers need to take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for longer and have an established track record of security.
In terms of coin support, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin and 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. The company is working to add more support for coins in the future.
In conclusion it is clear that the Ellipal device is an new player in the market of hardware wallets and promises to be 100% safe due to its total inaccessibility to any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins and its price at $149 is comparable with its competitors. While the idea of a fully exclusive hardware wallet is appealing however, you should consider the history and security measures of other hardware wallets prior to making a choice. The final decision about whether the Ellipal wallet is worth the price is up to the individual. It’s a safe option that has a modern design however, it’s not as easy to use as other hardware wallets. Additionally, it’s an all-new product on the market.