The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets in recent years, each promising to keep digital assets secure and safe. Its 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 the use of cryptocurrency is becoming more widespread it is becoming more important to secure storage of digital assets becomes more essential. The Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews state that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, it is possible to connect your TREZOR on a compromised computer which is infected by viruses your private keys remain protected and safe.
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 wireless or wired connections. Instead, it communicates through QR codes through cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of hackers getting gain access to private information via an internet connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it isn’t combat-tested to date. This is something prospective buyers must be aware of when buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for a longer time and have a an established track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is working to add support for more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a fresh competitor in the hardware wallet market that claims that it is 100% safe due to its total isolation from 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 a limited number of coins and the price at $149 is comparable with other wallets. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the security and track record features of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient to use as other hardware wallets. Additionally, it’s a relatively new product on the market.