The cryptocurrency market has witnessed an significant rise in the number of hardware wallets available in recent years. Each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage becomes more crucial. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets off-line to prevent hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews state the hardware wallet as 100% safe, however it is important to remember that hardware wallets of rival companies such as TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private keys. In the event that, for instance, you connect your TREZOR on a compromised computer that has been infected with viruses Your private keys are still 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 wired or wireless connectivity. Instead, it communicates via QR codes using cameras on its back of the. This makes it a very secure option as it eliminates the possibility of a hacker having access to the private key by an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it has not been combat-tested to date. This is something potential buyers must be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are in business for longer and have a an established track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding support for more coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet has been a new player on the market for hardware wallets, promising to be 100% secure due to its complete separation from any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is on par with its competitors. While the idea of a completely isolated hardware wallet is intriguing however, you should consider the security and track record measures of other hardware wallets before making a choice. The final decision about whether the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other wallets, and it’s an all-new product that’s available.