The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware in recent years, all claims that digital assets will be secure and safe. Its Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure storage of digital assets becomes more important. It is the Ellipal wallet is a gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. It raised $55K through an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews state that their hardware wallet is 100% secure, however, it’s important to note that the hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no outside attacker can access your private keys. For example, even if the TREZOR is connected TREZOR with a compromised device that has been infected with viruses Your private keys will remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes via an image camera at the rear end. This makes it a very secure choice as it removes the possibility of hackers gaining gain access to private information through an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market which means that it isn’t combat-tested to date. This is something potential buyers need to keep in mind when considering purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) were around for longer and have a established track records of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add more support for coins in the future.
In the end it is clear that the Ellipal wallet has been a brand new player in the market for hardware wallets that claims that it is 100% secure due to its complete inaccessibility to any computer or network. The company behind it is new and the product has not been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with other wallets. Although the concept of a completely exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other hardware wallets before making a choice. In the end, the decision on whether the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as easy for use like other hardware wallets. Additionally, it’s a relatively new product available on the market.