The world of cryptocurrency has witnessed an significant rise in the number of wallets that are hardware in recent years, all claims that digital assets will be safe and secure. The Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an entirely separate solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure storage of digital assets becomes more essential. Ellipal wallet Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The website of the company and its online reviews claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of rival firms such as TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR to a compromised computer that has been infected with viruses, your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connections. Instead, it transmits QR codes through cameras on its rear of the. This makes it a very secure choice as it removes the possibility of a hacker gaining an access point to your private keys through the network. It’s important to note that this means the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it’s not combat-tested to date. This is something prospective buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have a established track records of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. However, the company is currently working on adding support for more coins in the future.
In conclusion, the Ellipal wallet is a fresh player on the market of hardware wallets that claims that it is 100% secure due to its complete isolation from any network or computer. Its creators are new, and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with its competitors. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallets prior to making a decision. In the end, the decision on whether the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy to use as other wallets. Additionally, it’s a relatively new product on the market.