The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years, each promising that digital assets will be safe and secure. Its Ellipal wallet is a brand new entrant in this field and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace, the need for secure storage of digital assets becomes increasingly important. The Ellipal wallet is a device that stores the private key to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The website of the company and its reviews online claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of competing companies like TREZOR as well as Ledger are also designed in a way that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised computer that has been infected with viruses, your private keys will remain safe and secure.
Its Ellipal wallet is distinctive in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes through a camera on the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker gaining gain access to private information through the network. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it isn’t battle-tested yet. This is something that potential buyers should keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) were on the market for a longer time and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to provide the support of more coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a fresh player on the market of hardware wallets, promising to be 100% secure due to its complete inaccessibility to any computer or network. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is on par with its competitors. Although the concept of a completely isolated hardware wallet is intriguing, it’s important to consider the history and security features of other hardware wallets before making a choice. The final decision about whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as easy for use like other hardware wallets. It’s also an extremely new product on the market.