The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years, each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure the storage and protection of assets becomes more essential. It is the Ellipal wallet is a gadget that keeps the private key to digital assets offline, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The website of the company and its reviews online claim they are completely secure, but it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised system which is infected by viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes via an image camera at the rear end. This makes it a highly 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 is not as convenient to use like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which means that it’s not combat-tested to date. This is something that potential buyers should take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been on the market for a longer time and have a an established track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. However, the company is currently working on adding support for more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a fresh competitor in the market for hardware wallets, promising to be 100% safe due to its total separation from any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is on par with its competitors. Although the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal wallet is worth the price is up to the individual. It’s a very secure option with a unique design however, it’s not as easy to use as other wallets. It’s also a relatively new product on the market.