The world of cryptocurrency has seen a significant increase in the number of hardware wallets on the market in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and hopes to differentiate from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure the storage and protection of assets is becoming increasingly crucial. It is the Ellipal digital wallet device that keeps the private key to digital assets offline to prevent hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The website of the company and its reviews online claim the hardware wallet as completely secure, but it’s important to remember that hardware wallets from rival firms such as TREZOR as well as Ledger are made in a way that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised computer that is infected with viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes using cameras on its rear of the. This makes it an extremely safe option since it blocks the possibility of a hacker getting an access point to your private keys by an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it’s not tested in battle yet. This is something that potential buyers need to take into consideration when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are in business for longer and have a proven track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. The company is working to add the support of more coins in the near future.
In the end In conclusion, it is clear that the Ellipal wallet is a brand new player on the market for hardware wallets that claims that it is 100% secure because of its complete separation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is in line with other wallets. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the security and track record measures of other wallet options before making a decision. In the end, the decision on whether or not 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 to use as other wallets. It’s also an extremely new product available on the market.