The cryptocurrency market has seen an significant increase in the amount of hardware wallets available in recent years, all promises to keep digital assets secure and safe. The Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure storage of digital assets becomes increasingly essential. The Ellipal wallet can be described as a tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The website of the company and its reviews online claim they are completely secure, however, it’s important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer which means it does not have wireless or wired connections. Instead, it communicates via QR codes using cameras on its back of the. This makes it a highly safe option since it blocks the possibility of a hacker gaining access to the private key by a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it has not been tested in battle yet. 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 as well as Ledger) are on the market for a longer time and have a established track records of security.
In terms of coin support, the Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add support for more coins in the near future.
In conclusion, the Ellipal device is an brand new player in the market of hardware wallets and promises to be 100% secure due to its complete separation from any computer or network. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is on par with other wallets. While the idea of a totally isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other hardware wallets before making a decision. The final decision about whether the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy in use as the other wallets. Additionally, it’s a relatively new product on the market.