The world of cryptocurrency has seen an significant increase in the number of hardware wallets on the market in recent years. Each claims that digital assets will be secure and safe. The Ellipal wallet is a new entrant in this field and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure the storage and protection of assets is becoming increasingly important. The Ellipal wallet is a device that stores the private key to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to fund its development. The company’s website and online reviews claim that their hardware wallet is completely secure, but it’s important to note that the hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no one outside can view your private key. In the event that, for instance, you connect your TREZOR to a compromised computer that is infected with viruses Your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes using an image camera at the back of the. This makes it an extremely secure choice as it removes the possibility of hackers gaining access to the private key via an internet connection. It’s important to note that this means the Ellipal wallet isn’t as convenient to use like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it has not been combat-tested to date. This is something potential buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) were on the market for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, 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 brand new player in the hardware wallet market that claims that it is 100% secure due to its complete inaccessibility to any computer or network. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with the other options. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallets before making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is up to the individual. It’s a very secure option with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets, and it’s an all-new product on the market.