The world of cryptocurrency has witnessed an significant increase in the amount of wallets that are hardware in recent years. Each claims to keep digital assets safe and secure. The Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure the storage and protection of assets becomes increasingly essential. Ellipal wallet Ellipal wallet is a gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website and online reviews claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR and Ledger are made in a way that no outside attacker can see your private keys. For instance, even if the TREZOR is connected TREZOR on a compromised computer that is 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 unconnected to any network or computer that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes through an image camera at the rear end. This makes it an extremely secure option as it eliminates the possibility of hackers having an access point to your private keys through an internet connection. However, it’s worth noting that this means the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which means that it’s not tested in battle yet. This is something potential buyers must keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have established track records of security.
In terms of coin support, the Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to provide support for more coins in the future.
In the end, it is clear that the Ellipal device is an brand new player in the market for hardware wallets, promising to be completely secure because of its complete isolation from any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price of $149 is in line with its competitors. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the history and security measures of other wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option that has a modern design however, it’s not as user-friendly for use like other hardware wallets, and it’s a relatively new product that’s available.