The cryptocurrency market has seen a significant increase in the number of hardware wallets available in recent years, each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for safe storage of digital assets is becoming increasingly essential. It is the Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. It raised $55K through the course of an Indiegogo campaign to fund its development. The website of the company and its online reviews state the hardware wallet as 100% secure, but it’s important to note that the hardware wallets of rival companies such as TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. For example, even if the TREZOR is connected TREZOR to a compromised computer that is infected with viruses your private keys will 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 which means it does not have wireless or wired connections. Instead, it communicates via QR codes through cameras on its back of the. This makes it a very safe option since it blocks the possibility of a hacker gaining an access point to your private keys via the network. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly new to the market, meaning that it’s not battle-tested yet. This is something that potential buyers must take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of 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 in terms of coin support, the Ellipal wallet is currently able to support only a small number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. However, the company is working to provide support for more coins in the future.
In the end it is clear that the Ellipal wallet is a fresh competitor in the market for hardware wallets that claims that it is 100% secure due to its complete isolation from any network or computer. The company behind it is relatively new and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is in line with its competitors. Although the concept of a totally separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other hardware wallets. It’s also a relatively new product on the market.