The world of cryptocurrency has seen an significant increase in the number of hardware wallets available on the market in recent years. Each claims to keep digital assets safe and secure. Its Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure the storage and protection of assets becomes more crucial. The Ellipal wallet can be described as a tool that stores the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The company’s website and online reviews state the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets from rival companies such as TREZOR as well as Ledger are constructed in a manner that no outside attacker can view your private key. In the event that, for instance, you connect your TREZOR on a compromised system which is infected by viruses Your private keys remain safe and secure.
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 transmits QR codes via cameras on its back of the. This makes it a highly safe option since it blocks the possibility of hackers gaining access to the private key through an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it has not been combat-tested to date. This is something prospective buyers should be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were around for longer and have proven track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to add more support for coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet is a brand new player on the market for hardware wallets, promising that it is 100% secure because of its complete separation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins and the price of $149 is in line with the other options. Although the concept of a fully isolated hardware wallet is intriguing, it’s important to consider the history and security features of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as easy in use as the other wallets. It’s also a relatively new product available on the market.