The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware on the market in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe storage of digital assets becomes increasingly essential. The Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to fund its development. The company’s website and online reviews claim they are completely safe, however it is important to keep in mind that hardware wallets from rival firms such as TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. In the event that, for instance, it is possible to connect your TREZOR to a compromised device which is infected by viruses, your private keys remain protected and safe.
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 wireless or wired connections. Instead, it communicates via QR codes via cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of hackers gaining access to the private key via a network connection. It’s important to note that this means the Ellipal wallet is not so user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively recent to market which means that it’s not battle-tested yet. This is something that potential buyers should be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) are around for a longer time and have a established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, along with 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. But, the company is working to provide more support for coins in the near future.
In the end it is clear that the Ellipal wallet has been a new player on the hardware wallet market, promising that it is 100% safe due to its total isolation 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 its price tag at $149 is comparable with its competitors. Although the idea of a fully isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets before making a decision. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other hardware wallets. It’s also an extremely new product available on the market.