The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware on the market in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is a new entrant in this field and hopes to differentiate from its competitors by offering an entirely separate solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe security for digital asset storage is becoming increasingly crucial. The Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim that their hardware wallet is completely safe, however it is important to remember that hardware wallets of competing businesses such as TREZOR as well as Ledger are made in a way that no one outside can see your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device which is infected by viruses Your private keys remain safe and secure.
The Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes using an image camera at the back of the. This makes it a highly secure choice as it removes the possibility of hackers having access to the private key via a network connection. It’s important to note that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it’s not tested in battle yet. This is something prospective buyers must keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) are on the market for a longer time and have a proven track record of security.
In terms of support for coin, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add the support of more coins in the future.
In the end it is clear that it is clear that the Ellipal device is an brand new competitor in the hardware wallet market, promising to be 100% secure due to its complete inaccessibility to any computer or network. The company behind it is new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and its price of $149 is on par with other wallets. Although the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other hardware wallets before making a decision. In the end, the decision on whether the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice with an innovative design, but it’s not as convenient to use as other wallets, and it’s an all-new product available on the market.