The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware on the market in recent years, all promising to keep digital assets secure and safe. Its Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage becomes more crucial. Ellipal wallet Ellipal wallet is a gadget that stores the private key to digital assets off-line to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. It raised $55K through an Indiegogo campaign to help fund its development. The company’s website as well as reviews online claim the hardware wallet as completely safe, however it is important to note that the hardware wallets from rival firms like TREZOR as well as Ledger are also designed in a way that no one outside can view your private key. For example, even if the TREZOR is connected TREZOR with a compromised system that has been infected with viruses your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes via cameras on its rear of the. This makes it a very secure choice as it removes the possibility of hackers getting access to the private key by an internet connection. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it isn’t tested in battle yet. This is something potential buyers must keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were around for longer and have established track records of security.
In terms of coin support, the Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. However, the company is currently working on adding the support of more coins in the future.
In the end In conclusion, the Ellipal wallet has been a brand new player on the hardware wallet market that claims to be 100% secure because of its complete inaccessibility to any computer or network. The company behind it is relatively new and the product has not been tested in battle yet. The Ellipal wallet supports only a few coins and its price of $149 is on par with other wallets. Although the idea of a fully separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallets prior to making a choice. In the end, the decision on whether the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as easy for use like other hardware wallets. It’s also an extremely new product on the market.