The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread, the need for secure security for digital asset storage is becoming increasingly crucial. Ellipal wallet Ellipal wallet can be described as a tool that stores the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The company’s website as well as reviews online claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of competing businesses such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to see your private keys. For instance, even if you connect your TREZOR on a compromised computer that has been infected with viruses, your private keys remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely isolated from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of hackers having an access point to your private keys through an internet connection. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which means that it has not been combat-tested to date. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been around for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. However, the company is currently working on adding more support for coins in the near future.
In conclusion In conclusion, the Ellipal wallet has been a fresh player in the hardware wallet market, promising that it is 100% safe due to its total inaccessibility to any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is on par with its competitors. Although the concept of a totally separated hardware wallet sounds appealing but it’s crucial to look at the track record and security features of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with a unique design but it’s not as convenient for use like other hardware wallets, and it’s an all-new product on the market.