The cryptocurrency market has seen an significant increase in the amount of wallets that are hardware on the market in recent years, each promising to keep digital assets safe and secure. The Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for safe storage of digital assets becomes increasingly essential. It is the Ellipal digital wallet device that stores the private key to digital assets offline, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The website of the company and its online reviews claim that their hardware wallet is 100% safe, however it is important to remember that hardware wallets from rival firms like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if you connect your TREZOR on a compromised system that has been 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 unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes via an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of a hacker having access to the private key through a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it’s not battle-tested yet. This is something prospective buyers need to take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) are around for longer and have an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add support for more coins in the near future.
In conclusion it is clear that the Ellipal wallet is a new player on the market of hardware wallets that claims to be completely secure because of its complete inaccessibility to any computer or network. The company behind it is new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with the other options. Although the idea of a completely isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient in use as the other hardware wallets. It’s also an all-new product on the market.