The world of cryptocurrency has seen an significant increase in the number of hardware wallets in recent years, all claims that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure storage of digital assets is becoming increasingly important. Ellipal wallet Ellipal digital wallet tool that keeps the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal the company that developed the hardware wallet is a relatively new competitor in the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of rival firms like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For example, even if you connect your TREZOR with a compromised system that is infected with viruses your private keys are still secure and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes through an image camera at the rear end. This makes it a very secure option as it eliminates the possibility of a hacker having gain access to private information by a network connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something prospective buyers should keep in mind when considering purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were on the market for a longer time and have a an established track record 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, including 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. However, the company is working to add the support of more coins in the future.
In the end it is clear that the Ellipal device is an new competitor in the hardware wallet market that claims to be 100% secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s new and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is in line with the other options. While the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the security and track record features of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the person who buys it. It’s a safe option that has a modern design however, it’s not as easy for use like other hardware wallets, and it’s an all-new product that’s available.