The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets available in recent years, all promises that digital assets will be safe and secure. The Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly important. The Ellipal wallet is a gadget which keeps the private keys to digital assets offline, 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 the course of an Indiegogo campaign to finance its development. The company’s website as well as reviews online claim the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets of competing firms like TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if you connect your TREZOR with a compromised computer that has been infected with viruses, your private keys remain secure and safe.
The Ellipal wallet is unique in its design. It is completely disconnected from any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes using a camera on the back of the. This makes it a very secure choice as it removes the possibility of a hacker getting gain access to private information by an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly recent to market which implies that it’s not battle-tested yet. This is something prospective buyers must keep in mind when considering buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were around for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add the support of more coins in the future.
In conclusion In conclusion, the Ellipal device is an brand new player on the market of hardware wallets and promises to be completely secure due to its complete separation from any computer or network. Its creators are relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with other wallets. Although the concept of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other hardware wallets prior to making a choice. The final decision about whether the Ellipal wallet is worth the cost is up to the individual. It’s a safe option with a unique design but it’s not as convenient in use as the other wallets, and it’s a relatively new product available on the market.