The cryptocurrency market has seen an significant increase in the number of hardware wallets available in recent years, each claims that digital assets will be safe and secure. The Ellipal wallet is a brand new entrant in this field and is aiming to differentiate itself from its competitors by offering an entirely separate solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage becomes increasingly crucial. The Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of competing businesses like TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised computer which is infected by viruses, your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes via an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of hackers gaining gain access to private information via the network. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it isn’t combat-tested to date. This is something potential buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were on the market for longer and have a proven 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 only a small number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. The company is working to add more support for coins in the future.
In the end it is clear that the Ellipal wallet has been a brand new player in the hardware wallet market and promises to be completely secure because of its complete separation from any network or computer. Its creators are relatively new and the product has not been tested in battle yet. The Ellipal wallet supports a limited number of coins and the price at $149 is comparable with its competitors. Although the concept of a totally exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallet options before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the individual. It’s a safe option with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets, and it’s an extremely new product on the market.