The cryptocurrency market has seen a significant rise in the number of hardware wallets in recent years. Each claims to keep digital assets safe and secure. The Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream, the need for safe storage of digital assets becomes increasingly important. The Ellipal wallet is a gadget that keeps the private key to digital assets offline and prevents hackers from taking them remotely.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews claim the hardware wallet as 100% secure, but it’s important to remember that hardware wallets from rival businesses such as TREZOR and Ledger are also designed in a way that no one outside can see your private keys. In the event that, for instance, you connect your TREZOR to a compromised computer that is infected with viruses, your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via an image camera at the back of the. This makes it an extremely secure choice as it removes the possibility of hackers having an access point to your private keys by a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it has not been combat-tested to date. This is something prospective buyers should keep in mind when considering purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are in business for longer and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to add support for more coins in the near future.
In conclusion In conclusion, the Ellipal device is an new player in the market for hardware wallets that claims to be 100% secure due to its complete inaccessibility to any computer or network. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with other wallets. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design but it’s not as convenient in use as the other hardware wallets. It’s also an extremely new product on the market.