The world of cryptocurrency has seen an significant increase in the number of hardware wallets available in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes increasingly crucial. Ellipal wallet Ellipal digital wallet tool which keeps the private keys to digital assets offline and prevents hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to help fund research and development for their products. The website of the company and its online reviews state that their hardware wallet is completely safe, however it is important to note that the hardware wallets from rival businesses such as TREZOR and Ledger are also designed in a way that no one outside can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer which is infected by viruses Your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes using an image camera at the rear of the. This makes it a highly safe option since it blocks the possibility of hackers getting gain access to private information by an internet connection. It’s important to note that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it has not been combat-tested to date. This is something that potential buyers must be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were in business for longer and have an established track record of security.
Regarding support for coins in terms of coin support, 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 currently working on adding the support of more coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet is a new competitor in the market of hardware wallets and promises to be completely safe due to its total separation from any computer or network. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins, and its price tag at $149 is comparable with its competitors. Although the idea of a fully separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallets prior to making a decision. The final decision about whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a very secure option with a unique design however, it’s not as user-friendly to use as other hardware wallets. It’s also an all-new product that’s available.