The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available on the market in recent years, all claims that digital assets will be secure and safe. Its Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its competitors by offering 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. It is the Ellipal wallet can be described as a gadget that stores the private key to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to finance its development. The company’s website and online reviews claim they are 100% safe, however it is important to note that the hardware wallets from rival companies like TREZOR and Ledger are constructed in a manner that no one outside can see your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised computer which is infected by viruses your private keys will remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes using cameras on its rear end. This makes it a highly secure option as it eliminates the possibility of hackers gaining access to the private key through the network. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it’s not tested in battle yet. This is something potential buyers need to be aware of when purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) are in business for a longer time 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 supports the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add more support for coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal device is an fresh competitor in the hardware wallet market that claims that it is 100% safe due to its total separation from any computer or network. The company behind it is new and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is in line with its competitors. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallet options before making a decision. In the end, the decision on whether 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 for use like other wallets, and it’s a relatively new product available on the market.