The cryptocurrency market has seen an significant increase in the amount of hardware wallets on the market in recent years, each claims to keep digital assets secure and safe. The Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal digital wallet gadget which keeps the private keys to digital assets off-line and prevents hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim that their hardware wallet is 100% secure, however, it’s important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are made in a way that no outside attacker can view your private key. For example, even if the TREZOR is connected TREZOR on a compromised computer that has been infected with viruses Your private keys remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer which means it does not have wired or wireless connectivity. Instead, it transmits QR codes via cameras on its rear end. This makes it a highly secure choice as it removes the possibility of hackers getting an access point to your private keys by a network connection. It’s important to note that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it isn’t tested in battle yet. This is something that potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) were on the market for longer and have a proven track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to provide more support for coins in the near future.
In conclusion it is clear that the Ellipal device is an fresh player in the market of hardware wallets, promising that it is 100% safe due to its total inaccessibility to any computer or network. The company behind it is relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with other wallets. While the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the track record and security measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is up to the individual. It’s a very secure option with an innovative design, however, it’s not as easy in use as the other hardware wallets, and it’s a relatively new product that’s available.