The cryptocurrency market has witnessed a significant increase in the number of hardware wallets on the market in recent years. Each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe the storage and protection of assets is becoming increasingly crucial. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The website of the company and its reviews online claim they are 100% secure, but it’s important to keep in mind that hardware wallets of competing firms like TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For instance, even if it is possible to connect your 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 unique in its design, it is completely isolated from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes via a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of hackers getting gain access to private information by a network connection. However, it’s important to remember that this also means that the Ellipal wallet is not as convenient to use like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it isn’t tested in battle yet. This is something that potential buyers must keep in mind when considering purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) were in business for longer and have an established track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower 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 currently working on adding the support of more coins in the near future.
In the end In conclusion, it is clear that the Ellipal wallet is a new player in the hardware wallet market, promising to be completely secure due to its complete isolation from any network or computer. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag at $149 is comparable with its competitors. Although the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the history and security measures of other wallets before making a choice. Ultimately, the decision of whether the Ellipal device is well worth the price is up to the individual. It’s a very secure option that has a modern design however, it’s not as easy in use as the other hardware wallets, and it’s an all-new product on the market.