The cryptocurrency market has witnessed an significant increase in the amount of wallets that are hardware on the market in recent years, all promises to keep digital assets safe and secure. Its Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe storage of digital assets becomes more crucial. Ellipal wallet Ellipal digital wallet tool that stores the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to fund its development. The website of the company and its online reviews claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of competing firms like TREZOR as well as Ledger are constructed in a manner that no outside attacker can view your private key. For example, even if the TREZOR is connected TREZOR to a compromised computer that has been infected with viruses your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any network or computer which means it does not have wireless or wired connectivity. Instead, it transmits QR codes via a camera on the back of the. This makes it an extremely secure choice as it removes the possibility of hackers getting access to the private key by a network connection. It’s important to note that this could mean that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it has not been combat-tested to date. This is something potential buyers should be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) were on the market for longer and have proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. The company is working to add support for more coins in the near future.
In the end In conclusion, it is clear that the Ellipal wallet has been a new player on the market of hardware wallets, promising to be 100% secure because of its complete separation from any computer or network. Its creators are 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 other wallets. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallets before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with a unique design but it’s not as convenient in use as the other wallets, and it’s a relatively new product available on the market.