The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years, each claims that digital assets will be safe and secure. The Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe security for digital asset storage is becoming increasingly crucial. The Ellipal wallet is a device that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively young player in the market. The company raised $55K via the course of an Indiegogo campaign to fund its development. The company’s website and online reviews state the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of rival companies like TREZOR and Ledger are also designed in a way that no one outside can access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised computer that is infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its rear end. This makes it an extremely safe option since it blocks the possibility of a hacker having an access point to your private keys through a network 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 that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something that potential buyers must be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are on the market for a longer time and have a an established 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 a limited number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is working to add the support of more coins in the future.
In the end In conclusion, the Ellipal device is an new competitor in the market of hardware wallets, promising to be completely secure due to its complete inaccessibility to any computer or network. Ellipal is a company that’s new and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with its competitors. Although the concept of a totally isolated hardware wallet is intriguing but it’s crucial to look at the security and track record measures of other hardware wallets prior to making a decision. The final decision about whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a safe option with a unique design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an extremely new product on the market.