The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from the crowd by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe security for digital asset storage becomes more important. It is the Ellipal wallet is a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The website of the company and its reviews online claim the hardware wallet as completely safe, however it is important to note that the hardware wallets of competing businesses such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to view your private key. For instance, even if the TREZOR is connected TREZOR with a compromised device which is infected by viruses, your private keys remain secure and safe.
The Ellipal wallet is unique in its design. It is completely isolated from any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes via an image camera at the back of the. This makes it an extremely secure choice as it removes the possibility of a hacker having gain access to private information through the network. However, it’s important to remember that this also means that the Ellipal wallet is not as convenient to use like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it isn’t combat-tested to date. This is something that potential buyers should keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are on the market for longer and have established track records of security.
In terms of support for coin, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding support for more coins in the near future.
In conclusion In conclusion, the Ellipal wallet has been a new player in the market of hardware wallets and promises to be completely secure because of its complete separation 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 supports a limited number of coins and its price of $149 is in line with other wallets. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the history and security measures of other wallet options before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly in use as the other wallets. It’s also a relatively new product that’s available.