The world of cryptocurrency has seen an significant rise in the number of wallets that are hardware on the market in recent years, each promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure the storage and protection of assets becomes increasingly crucial. Ellipal wallet 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 company on the market. The company raised $55K via an Indiegogo campaign to help fund its development. The website of the company and its online reviews state the hardware wallet as 100% secure, but it’s important to note that the hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For example, even if you connect your TREZOR to a compromised computer that has been infected with viruses your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it an extremely safe option since it blocks the possibility of a hacker getting an access point to your private keys by a network connection. However, it’s important to remember that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which implies that it has not been tested in battle yet. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have an established track record of security.
In terms of support for coin In terms of support for coins, the 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 number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add the support of more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh player in the hardware wallet market, promising to be 100% secure because of its complete isolation from any computer or network. Ellipal is a company that’s relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and the price of $149 is on par with the other options. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the price is entirely up to the user. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets, and it’s an all-new product on the market.