The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware in recent years. Each promising to keep digital assets safe and secure. Its Ellipal wallet is a brand new entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe storage of digital assets becomes more crucial. It is the Ellipal wallet is a gadget which keeps the private keys to digital assets offline, preventing hackers from stealing them remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young competitor in the market. It raised $55K through the course of an Indiegogo campaign to help fund the development of their product. The company’s website and reviews online claim the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets of competing firms like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised computer which is infected by viruses Your private keys are still protected and safe.
Its Ellipal wallet is unique in its design. It is completely isolated from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via an image camera at the back of the. This makes it a very safe option since it blocks the possibility of hackers getting access to the private key by a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, meaning that it has not been combat-tested to date. This is something prospective buyers must take into consideration when purchasing this 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.
Regarding support for coins, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. But, the company is working to add support for more coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal wallet has been a new competitor in the market of hardware wallets that claims that it is 100% secure due to its complete isolation from any computer or network. Ellipal is a company that’s new, and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is on par with the other options. While the idea of a fully isolated hardware wallet is intriguing, it’s important to consider the history and security measures of other wallets prior to making a choice. The final decision about whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice with a unique design but it’s not as convenient in use as the other hardware wallets. It’s also an all-new product that’s available.