The world of cryptocurrency has witnessed an significant increase in the number of wallets that are hardware on the market 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 aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe the storage and protection of assets becomes increasingly important. Ellipal wallet Ellipal digital wallet tool that stores the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young player in the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website and reviews online claim the hardware wallet as completely safe, however it is important to note that the hardware wallets of competing firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. In the event that, for instance, you connect your TREZOR to a compromised device that has been 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 that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining an access point to your private keys by the network. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, which implies that it has not been combat-tested to date. This is something that potential buyers need to take into consideration when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) are on the market for a longer time and have a proven track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to provide the support of more coins in the near future.
In the end, the Ellipal wallet has been a fresh player in the hardware wallet market that claims to be completely safe due to its total separation from any network or computer. Its creators are relatively new and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins and its price of $149 is on par with its competitors. While the idea of a totally isolated hardware wallet is intriguing, it’s important to consider the track record and security features of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option that has a modern design but it’s not as convenient for use like other wallets. Additionally, it’s a relatively new product that’s available.