The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years, all promises that digital assets will be safe and secure. The Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure security for digital asset storage is becoming increasingly crucial. Ellipal wallet Ellipal wallet can be described as a gadget that keeps the private key to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim that their hardware wallet is completely secure, but it’s important to note that the hardware wallets of rival companies such as TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer which is infected by viruses, your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design. It is completely isolated from any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via an image camera at the rear end. This makes it a highly safe option since it blocks the possibility of hackers getting access to the private key via an internet connection. It’s important to note that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it has not been combat-tested to date. This is something potential buyers must be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are around for longer and have a proven track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins that are supported by its rivals, 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 conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market for hardware wallets, promising to be completely safe due to its total 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 a limited number of coins and the price of $149 is on par with the other options. Although the idea of a totally isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option that has a modern design but it’s not as convenient to use as other wallets. It’s also an extremely new product available on the market.