The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets available on the market in recent years. Each claims to keep digital assets secure and safe. Its Ellipal wallet is the latest competitor in the field, and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for secure storage of digital assets becomes increasingly important. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to fund its development. The website of the company and its online reviews claim they are completely secure, but it’s important to keep in mind that hardware wallets of competing companies such as TREZOR as well as Ledger are made in a way that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR with a compromised device that has been infected with viruses your private keys are still protected and safe.
The Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it a highly secure option as it eliminates the possibility of a hacker having an access point to your private keys via a network connection. However, it’s important to remember that this could mean that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, meaning that it isn’t tested in battle yet. This is something prospective buyers need to keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have established track records of security.
In terms of support for coin in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower 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 provide the support of more coins in the near future.
In conclusion In conclusion, it is clear that the Ellipal wallet is a brand new player on the market for hardware wallets, promising that it is 100% secure due to its complete isolation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and its price at $149 is comparable with its competitors. Although the concept of a totally isolated hardware wallet is intriguing, it’s important to consider the track record and security measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the individual. It’s a safe option with a unique design however, it’s not as easy to use as other wallets. It’s also a relatively new product that’s available.