The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets available on the market in recent years, all promising to keep digital assets secure and safe. The Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe the storage and protection of assets is becoming increasingly essential. It is the Ellipal digital wallet gadget that stores the private key to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews state they are completely secure, but it’s important to remember that hardware wallets of competing firms like TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. For example, even if you connect your TREZOR to a compromised system which is infected by viruses your private keys will remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of hackers gaining an access point to your private keys by a network connection. However, it’s worth noting that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it has not been battle-tested yet. This is something that potential buyers should take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for a longer time and have a an established track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add the support of more coins in the future.
In conclusion it is clear that it is clear that the Ellipal wallet is a brand new competitor in the hardware wallet market and promises that it is 100% safe due to its total isolation from any computer or network. Its creators are new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and the price at $149 is comparable with other wallets. While the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal device is well worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, but it’s not as convenient for use like other hardware wallets, and it’s an all-new product on the market.