The world of cryptocurrency has seen a significant increase in the number of hardware wallets available on the market in recent years, all promising to keep digital assets safe and secure. The Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe the storage and protection of assets becomes more essential. Ellipal wallet Ellipal wallet can be described as a tool that stores the private key to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state the hardware wallet as completely secure, but it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR to a compromised system 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 isolated from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes via cameras on its rear end. This makes it an extremely secure choice as it removes the possibility of a hacker getting access to the private key by the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as convenient to use as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which implies that it isn’t tested in battle yet. This is something potential buyers should be aware of when buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for longer and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide more support for coins in the future.
In conclusion In conclusion, the Ellipal wallet has been a brand new competitor in the market of hardware wallets and promises that it is 100% safe due to its total isolation from any computer or network. Ellipal is a company that’s relatively new and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with other wallets. While the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the history and security features of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with a unique design but it’s not as convenient for use like other hardware wallets, and it’s an extremely new product available on the market.