The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets available on the market in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and hopes to differentiate from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for safe storage of digital assets becomes increasingly essential. It is the Ellipal wallet can be described as a device that stores the private key to digital assets offline and prevents hackers from taking the keys from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim they are 100% secure, but it’s important to keep in mind that hardware wallets of rival firms like TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that has been infected with viruses Your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via an image camera at the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker getting access to the private key by a network connection. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it has not been battle-tested yet. This is something that potential buyers must keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been around for longer and have a proven track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to provide support for more coins in the near future.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a brand new player on the market of hardware wallets, promising to be 100% secure because of its complete inaccessibility to any network or computer. The company behind it is relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag at $149 is comparable with its competitors. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the security and track record features of other hardware wallets prior to making a decision. The final decision about whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy in use as the other hardware wallets, and it’s an all-new product that’s available.