The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets on the market in recent years. Each promising to keep digital assets safe and secure. Its Ellipal wallet is a brand new entrant in this field and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread, the need for safe storage of digital assets becomes more essential. It is the Ellipal wallet can be described as a tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews claim they are 100% secure, however, it’s important to note that the hardware wallets of rival businesses like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised system that is infected with viruses, your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using an image camera at the back of the. This makes it an extremely safe option since it blocks the possibility of a hacker having gain access to private information by the network. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it has not been combat-tested to date. This is something prospective buyers must keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. The company is working to provide the support of more coins in the future.
In conclusion it is clear that it is clear that the Ellipal device is an fresh player in the market of hardware wallets that claims that it is 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s new and the product has not been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and the price at $149 is comparable with its competitors. Although the idea of a fully exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallets before making a choice. In the end, the decision on whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an all-new product on the market.