The cryptocurrency market has seen an significant increase in the number of hardware wallets on the market in recent years, each promising that digital assets will be secure and safe. Its Ellipal wallet is a new competitor in the field, and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to finance its development. The website of the company and its online reviews claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets from rival companies such as TREZOR as well as Ledger are made in a way that no outside attacker can view your private key. In the event that, for instance, you connect your TREZOR with a compromised device that is infected with viruses Your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using cameras on its rear end. This makes it a very safe option since it blocks the possibility of hackers having an access point to your private keys through an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it has not been tested in battle yet. This is something that potential buyers need to keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) are on the market for longer 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 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 that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. But, the company is working to add the support of more coins in the future.
In conclusion, it is clear that the Ellipal wallet has been a new player in the market for hardware wallets that claims to be completely secure because of its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and the price of $149 is on par with other wallets. Although the concept of a completely separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other wallets before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy to use as other hardware wallets, and it’s an extremely new product on the market.