The cryptocurrency market has witnessed an significant increase in the amount of wallets that are hardware on the market in recent years, all promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace, the need for safe the storage and protection of assets is becoming increasingly important. It is the Ellipal wallet is a tool that keeps the private key to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets from rival businesses like TREZOR and Ledger are constructed in a manner that no one outside can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that has been infected with viruses, your private keys will remain protected and safe.
The Ellipal wallet is unique in its design. It is completely isolated from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes using an image camera at the rear end. This makes it a very secure choice as it removes the possibility of hackers getting gain access to private information by an internet connection. It’s important to note that this could mean that the Ellipal wallet is not as convenient to use like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it has not been battle-tested yet. This is something prospective buyers need to keep in mind when considering buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) were on the market for longer and have proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. But, the company is currently working on adding the support of more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a brand new player on the market of hardware wallets and promises to be completely secure because of its complete isolation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet supports only a few coins and its price of $149 is in line with other wallets. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallets prior to making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly in use as the other wallets. It’s also an all-new product on the market.