The cryptocurrency market has seen a significant rise in the number of wallets that are hardware in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering an entirely separate solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe storage of digital assets becomes increasingly important. Ellipal wallet Ellipal wallet can be described as a tool that stores the private key to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. They raised $55K in an Indiegogo campaign to finance research and development for their products. The company’s website as well as reviews online claim that their hardware wallet is 100% secure, however, it’s important to keep in mind that hardware wallets of rival firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that is infected with viruses, your private keys are still secure and safe.
The Ellipal wallet is unique in its design, it is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes via an image camera at the back of the. This makes it a highly secure option as it eliminates the possibility of a hacker getting gain access to private information via an internet connection. It’s important to note that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something potential buyers need to be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have established track records of security.
In terms of support for coin, the Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is currently working on adding support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh player in the hardware wallet market and promises that it is 100% secure due to its complete isolation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports only a few coins and the price of $149 is in line with the other options. Although the concept of a totally separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is up to the individual. It’s a very secure option with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets. Additionally, it’s an extremely new product available on the market.