The world of cryptocurrency has seen an significant increase in the number of hardware wallets in recent years, all promising to keep digital assets secure and safe. Its Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for secure storage of digital assets becomes increasingly important. It is the Ellipal wallet is a gadget that stores the private key to digital assets offline, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews state they are completely secure, but it’s important to remember that hardware wallets of competing firms such as TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. In the event that, for instance, it is possible to connect your TREZOR on a compromised computer that is infected with viruses, your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes via cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting gain access to private information by the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which means that it has not been tested in battle yet. This is something potential buyers need to keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have proven track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to add more support for coins in the near future.
In the end it is clear that the Ellipal wallet has been a new competitor in the market for hardware wallets, promising to be 100% secure because of its complete isolation from any computer or network. Its creators are new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price of $149 is on par with its competitors. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallet options before making a decision. The final decision about whether the Ellipal wallet is worth the price is up to the individual. It’s a safe option with a unique design however, it’s not as easy in use as the other hardware wallets, and it’s a relatively new product on the market.