The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years, each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure storage of digital assets becomes more important. Ellipal wallet Ellipal wallet can be described as a gadget that stores the private key to digital assets off-line to prevent hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website and reviews online claim that their hardware wallet is completely secure, however, it’s important to keep in mind that hardware wallets of competing companies like TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. For example, even if you connect your TREZOR with a compromised computer that is infected with viruses your private keys are still safe and secure.
Its Ellipal wallet is unique in its design, it is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear end. This makes it a very secure choice as it removes the possibility of hackers getting access to the private key via the network. However, it’s worth noting that this also means that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something prospective buyers must be aware of when buying 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 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 a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer 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 the support of more coins in the near future.
In the end In conclusion, it is clear that the Ellipal wallet has been a fresh player in the market of hardware wallets, promising to be 100% safe due to its total inaccessibility to any network or computer. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is in line with other wallets. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other hardware wallets before making a choice. The final decision about whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy for use like other wallets. Additionally, it’s an all-new product that’s available.