The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years. Each promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes increasingly essential. It is the Ellipal digital wallet device that keeps the private key to digital assets off-line to prevent hackers from taking the keys from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to fund research and development for their products. The company’s website and reviews online claim that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets from rival companies like TREZOR and Ledger are also designed in a way that no attacker from outside is able to see your private keys. For instance, even if you connect your TREZOR on a compromised computer that is infected with viruses your private keys are still safe and secure.
The Ellipal wallet is unique in its design. It is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes via an image camera at the back of the. This makes it a very safe option since it blocks the possibility of hackers having access to the private key by the network. However, it’s important to remember that this means the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it’s not tested in battle yet. This is something that potential buyers should take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are on the market for a longer time and have a established track records of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. However, the company is currently working on adding support for more coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet is a brand new competitor in the hardware wallet market, promising to be 100% secure due to its complete isolation from any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with other wallets. Although the concept of a fully exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other wallets prior to making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy for use like other hardware wallets. It’s also a relatively new product available on the market.