The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware in recent years, each promising to keep digital assets secure and safe. The Ellipal wallet is a new competitor in the field, and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for safe storage of digital assets becomes increasingly important. Ellipal wallet Ellipal wallet can be described as a gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware component, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews state that their hardware wallet is 100% secure, but it’s important to remember that hardware wallets of competing firms such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR to a compromised computer that is infected with viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes using an image camera at the rear end. This makes it a highly safe option since it blocks the possibility of a hacker getting gain access to private information by a network connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it’s not combat-tested to date. This is something that potential buyers must be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are around for a longer time and have a an established track record of security.
Regarding support for coins, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is currently working on adding the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new competitor in the market of hardware wallets, promising to be 100% secure because of its complete separation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with other wallets. While the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option that has a modern design however, it’s not as easy in use as the other wallets, and it’s an extremely new product that’s available.