The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware in recent years, all claims to keep digital assets secure and safe. The Ellipal wallet is the latest entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure the storage and protection of assets becomes increasingly crucial. The Ellipal wallet is a gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund its development. The website of the company and its online reviews claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of competing firms like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if you connect your TREZOR with a compromised system which is infected by viruses, your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes via an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of a hacker gaining gain access to private information through a network connection. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it’s not battle-tested yet. This is something prospective buyers should keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for a longer time and have a proven 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 supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. However, the company is working to add support for more coins in the future.
In the end In conclusion, the Ellipal wallet has been a fresh player in the market for hardware wallets that claims that it is 100% safe due to its total inaccessibility to 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 only a few coins and its price of $149 is on par with the other options. While the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the track record and security features of other hardware wallets prior to making a decision. The final decision about whether or not 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 user-friendly in use as the other wallets. Additionally, it’s an extremely new product available on the market.