The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years, each promising that digital assets will be safe and secure. Its Ellipal wallet is the latest entrant in this field and hopes to differentiate from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe the storage and protection of assets becomes increasingly crucial. It is the Ellipal digital wallet device that keeps the private key to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its reviews online claim that their hardware wallet is 100% secure, but it’s important to remember that hardware wallets of rival companies like TREZOR and Ledger are also designed in a way that no outside attacker can see your private keys. For example, even if the TREZOR is connected TREZOR to a compromised system which is infected by viruses Your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes through cameras on its rear of the. This makes it a highly safe option since it blocks the possibility of a hacker gaining gain access to private information by an internet connection. It’s important to note that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it isn’t tested in battle yet. This is something prospective buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been in business for a longer time and have a proven 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 supports the following coins: a few which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add support for more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a fresh player on the market for hardware wallets, promising that it is 100% secure because of its complete isolation from any computer or network. Ellipal is a company that’s new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports only a few coins, and its price tag of $149 is on par with the other options. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the security and track record features of other hardware wallets before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a safe option with a unique design but it’s not as convenient to use as other hardware wallets, and it’s an all-new product on the market.