The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware on the market in recent years, all promises that digital assets will be safe and secure. The Ellipal wallet is the latest entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace, the need for secure security for digital asset storage becomes more essential. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim they are 100% safe, however it is important to keep in mind that hardware wallets from rival firms such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to view your private key. For instance, even if the TREZOR is connected TREZOR on a compromised system that is infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes through an image camera at the back of the. This makes it a highly secure choice as it removes the possibility of a hacker gaining gain access to private information through an internet connection. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it’s not tested in battle yet. This is something prospective buyers must keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for longer and have proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. But, the company is working to provide the support of more coins in the near future.
In conclusion it is clear that the Ellipal device is an brand new player on the market for hardware wallets that claims to be completely secure due to its complete separation from any computer or network. Ellipal is a company that’s new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins, and its price tag at $149 is comparable with its competitors. Although the idea of a fully isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other wallets before making a decision. Ultimately, the decision of whether the Ellipal device is well worth the price is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an extremely new product available on the market.