The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe storage of digital assets becomes increasingly essential. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews state the hardware wallet as 100% secure, however, it’s important to note that the hardware wallets from rival businesses like TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. 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.
The Ellipal wallet is unique in its design. It is completely disconnected from any network or computer which means it does not have wired or wireless connectivity. Instead, it transmits QR codes using an image camera at the rear end. This makes it a very secure choice as it removes the possibility of hackers gaining gain access to private information through an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, meaning that it has not been tested in battle yet. This is something prospective buyers must be aware of when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were in business for longer and have established track records of security.
In terms of support for coin, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is currently working on adding the support of more coins in the future.
In conclusion, it is clear that the Ellipal wallet has been a brand new competitor in the market of hardware wallets that claims that it is 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports only a few coins, and its price tag of $149 is on par with other wallets. While the idea of a totally 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 or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice that has a modern design but it’s not as convenient to use as other wallets. It’s also an extremely new product on the market.