The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years. Each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets is becoming increasingly important. The Ellipal wallet is a tool that stores the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young company on the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews claim the hardware wallet as 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 see your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that is infected with viruses Your private keys are still protected and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes through an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of a hacker getting access to the private key via a network connection. However, it’s important to remember that this could mean 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 is priced at $149. It is relatively new to the market, which means that it’s not combat-tested to date. This is something potential buyers need to take into consideration when buying Ellipal. 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 established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support only a small number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to add support for more coins in the future.
In the end it is clear that the Ellipal device is an new player on the hardware wallet market that claims to be completely secure due to its complete inaccessibility to any network or computer. The company behind it is 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 on par with its competitors. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the history and security measures of other wallet options before making a decision. In the end, the decision on whether the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other hardware wallets. Additionally, it’s a relatively new product available on the market.