The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. 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 grows more commonplace it is becoming more important to secure storage of digital assets is becoming increasingly crucial. Ellipal wallet Ellipal wallet can be described as a device which keeps the private keys to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The company’s website as well as online reviews state that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets of rival companies such as TREZOR as well as Ledger are made in a way that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR with a compromised computer which is infected by viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any network or computer which means it does not have wireless or wired connectivity. Instead, it transmits QR codes through cameras on its back of the. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining an access point to your private keys via the network. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it’s not combat-tested to date. This is something potential buyers must take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) are 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 is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is currently working on adding support for more coins in the near future.
In the end In conclusion, the Ellipal device is an fresh player in the market for hardware wallets that claims to be 100% safe due to its total inaccessibility to any network or computer. The company behind it is new, and the product has not been tested in battle yet. The Ellipal wallet supports a limited number of coins, and its price tag of $149 is on par with its competitors. Although the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. In the end, the decision on whether 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.