The world of cryptocurrency has witnessed an significant rise in the number of wallets that are hardware in recent years. Each claims to keep digital assets safe and secure. Its Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes increasingly important. It is the Ellipal wallet is a tool which keeps the private keys to digital assets offline to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website as well as online reviews state that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of competing companies like TREZOR as well as Ledger are made in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised computer that is infected with viruses your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes through cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of hackers having an access point to your private keys through the network. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly recent to market which means that it’s not combat-tested to date. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been on the market for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few 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 might be a worry for some users. But, the company is working to provide support for more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player on the market for hardware wallets, promising to be completely secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s new and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price of $149 is on par with its competitors. Although the concept of a totally isolated hardware wallet is intriguing, it’s important to consider the security and track record features of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice with an innovative design, but it’s not as convenient for use like other hardware wallets. Additionally, it’s an extremely new product available on the market.