The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years, all claims to keep digital assets secure and safe. Its Ellipal wallet is the latest competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure storage of digital assets becomes more crucial. The Ellipal wallet is a device which keeps the private keys to digital assets offline, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively new competitor in the market. It raised $55K through the course of an Indiegogo campaign to help fund its development. The company’s website as well as reviews online claim they are completely safe, however it is important to keep in mind that hardware wallets of competing businesses such as TREZOR and Ledger are also designed in a way that no outside attacker can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised system which is infected by viruses, your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting an access point to your private keys through an internet connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively recent to market which implies that it isn’t tested in battle yet. This is something prospective buyers must take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) are around for longer and have established track records of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. However, the company is working to add support for more coins in the near future.
In the end In conclusion, the Ellipal wallet is a new competitor in the hardware wallet market and promises to be completely safe due to its total inaccessibility to any network or computer. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and the price of $149 is in line with its competitors. Although the concept of a totally separated hardware wallet sounds 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 or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a very secure option with a unique design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s an extremely new product on the market.