The world of cryptocurrency has witnessed an significant rise in the number of wallets that are hardware on the market in recent years, all promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from its rivals by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe storage of digital assets becomes more essential. It is the Ellipal wallet is a tool that keeps the private key to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews state that their hardware wallet is completely secure, but it’s important to note that the hardware wallets of rival firms such as TREZOR as well as 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 with a compromised device which is infected by viruses, your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive 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 via a camera on the back of the. This makes it a very secure choice as it removes the possibility of a hacker having an access point to your private keys via the network. It’s important to note that this means the Ellipal wallet is not as convenient to use like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it has not been combat-tested to date. This is something prospective buyers should take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have established track records of security.
In terms of coin support, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to provide the support of more coins in the near future.
In the end, it is clear that the Ellipal wallet has been a new player on the market for hardware wallets, promising that it is 100% secure due to its complete isolation from any network or computer. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag at $149 is comparable with other wallets. While the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the track record and security measures of other wallets prior to making a choice. The final decision about whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy to use as other wallets. It’s also a relatively new product available on the market.