The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets available in recent years. Each claims to keep digital assets secure and safe. Its Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe the storage and protection of assets becomes more important. Ellipal wallet Ellipal digital wallet gadget that stores the private key to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim they are 100% secure, however, it’s important to remember that hardware wallets from rival companies like TREZOR and Ledger are constructed in a manner that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR with a compromised computer that is infected with viruses your private keys will remain secure and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes through a camera on the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining gain access to private information through the network. However, it’s important to remember that this also means that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it’s not tested in battle yet. This is something that potential buyers need to take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) were around for a longer time and have a proven track record of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add support for more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the hardware wallet market and promises that it is 100% secure because of its complete separation from any network or computer. The company behind it is relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and its price at $149 is comparable with other wallets. Although the idea of a fully exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other hardware wallets prior to making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the cost is up to the individual. It’s a very secure option that has a modern design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s a relatively new product that’s available.