The world of cryptocurrency has seen an significant rise in the number of hardware wallets available in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe security for digital asset storage becomes more important. Ellipal wallet Ellipal digital wallet tool that stores the private key to digital assets off-line to prevent hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews claim the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of rival businesses such as TREZOR and Ledger are made in a way that no outside attacker can view your private key. In the event that, for instance, you connect your TREZOR to a compromised device which is infected by viruses Your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes using cameras on its rear end. This makes it a highly safe option since it blocks the possibility of hackers gaining access to the private key via the network. It’s important to note that this means the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it isn’t tested in battle yet. This is something prospective buyers must take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have an established track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to provide the support of more coins in the near future.
In conclusion it is clear that the Ellipal wallet is a fresh competitor in the market for hardware wallets, promising to be completely secure because of its complete inaccessibility to any network or computer. The company behind it is relatively new and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and its price at $149 is comparable with the other options. Although the idea of a completely exclusive hardware wallet is appealing however, you should consider the track record and security measures of other wallets prior to making a decision. Ultimately, the decision of whether the Ellipal device is well worth the price is up to the person who buys it. It’s a very secure option that has a modern design but it’s not as convenient for use like other wallets. It’s also an all-new product on the market.