The world of cryptocurrency has seen a significant rise in the number of hardware wallets in recent years. Each promising to keep digital assets safe and secure. Its Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage becomes more important. It is the Ellipal wallet can be described as a tool that keeps the private key to digital assets off-line and prevents hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance research and development for their products. The website of the company and its reviews online claim the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets of rival businesses like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if the TREZOR is connected TREZOR with a compromised computer that is infected with viruses your private keys remain protected and safe.
The Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes via a camera on the back of the. This makes it a highly secure option as it eliminates the possibility of a hacker gaining an access point to your private keys through the network. It’s important to note that this also means that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it’s not combat-tested to date. This is something that potential buyers need to take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) have been around for longer and have a an established track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few, including 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 customers. But, the company is currently working on adding support for more coins in the near future.
In conclusion, the Ellipal wallet is a brand new competitor in the market of hardware wallets and promises to be completely secure because of its complete isolation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins and its price at $149 is comparable with other wallets. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the track record and security features of other hardware wallet options before making a decision. 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 but it’s not as convenient for use like other wallets. Additionally, it’s an all-new product available on the market.