The world of cryptocurrency has witnessed a significant rise in the number of wallets that are hardware in recent years, each promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and hopes to differentiate from the crowd by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread, the need for secure storage of digital assets becomes increasingly essential. The Ellipal wallet can be described as a gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews claim the hardware wallet as completely safe, however it is important to remember that hardware wallets of competing firms like TREZOR and Ledger are made in a way that no one outside can view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses Your private keys remain safe and secure.
The Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes using cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of a hacker having access to the private key through the network. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it isn’t battle-tested yet. This is something prospective buyers must keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been around for a longer time and have a proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to add more support for coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet has been a new competitor in the hardware wallet market and promises to be 100% safe due to its total inaccessibility to any network or computer. The company behind it is relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is in line with its competitors. While the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record features of other hardware wallet options before making a choice. Ultimately, the decision of 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 user-friendly in use as the other wallets, and it’s a relatively new product available on the market.