The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets on the market in recent years. Each promising that digital assets will be safe and secure. The Ellipal wallet is a new competitor in the field, and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure the storage and protection of assets is becoming increasingly important. It is the Ellipal wallet can be described as a tool which keeps the private keys to digital assets off-line to prevent hackers from taking the keys 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 fund research and development for their products. The company’s website as well as online reviews claim the hardware wallet as 100% safe, however it is important to remember that hardware wallets of competing companies such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. In the event that, for instance, the TREZOR is connected 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 computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes through cameras on its back of the. This makes it a very safe option since it blocks the possibility of a hacker having access to the private key via the network. However, it’s worth noting that this means the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it isn’t combat-tested to date. This is something potential buyers need to be aware of when buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have proven track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet supports only a small number of coins, 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 could be a problem for some buyers. However, the company is working to provide the support of more coins in the future.
In the end, it is clear that the Ellipal wallet is a fresh competitor in the market for hardware wallets, promising that it is 100% secure due to its complete separation from any network or computer. Ellipal is a company that’s new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is on par with the other options. Although the concept of a totally separated hardware wallet sounds appealing however, you should consider the track record and security features of other hardware wallet options before making a decision. In the end, the decision on whether the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy for use like other wallets. Additionally, it’s an extremely new product on the market.