The world of cryptocurrency has witnessed an significant increase in the number of hardware wallets on the market in recent years, each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe security for digital asset storage is becoming increasingly essential. Ellipal wallet Ellipal digital wallet device that keeps the private key to digital assets offline and prevents hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website and online reviews claim the hardware wallet as completely safe, however it is important to remember that hardware wallets from rival firms like TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For instance, even if the TREZOR is connected TREZOR on a compromised computer that is infected with viruses your private keys are still safe and secure.
The Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes via cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of hackers getting gain access to private information by an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it has not been battle-tested yet. This is something prospective buyers need to be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) are around for longer and have a established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. The company is working to provide support for more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the market of hardware wallets and promises to be 100% secure because of its complete separation from any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with other wallets. While the idea of a totally isolated hardware wallet is intriguing, it’s important to consider the track record and security measures of other wallets prior to making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a very secure option with a unique design however, it’s not as easy in use as the other hardware wallets, and it’s an extremely new product on the market.