The world of cryptocurrency has seen an significant increase in the amount of hardware wallets on the market in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is a brand new competitor in the field, and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe storage of digital assets is becoming increasingly essential. It is the Ellipal wallet can be described as a gadget that keeps the private key to digital assets offline to prevent hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews state that their hardware wallet is completely safe, however it is important to remember that hardware wallets of rival companies such as TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer which is infected by viruses Your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes via a camera on the back of the. This makes it a highly secure option as it eliminates the possibility of a hacker gaining access to the private key via an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which means that it’s not combat-tested to date. This is something potential buyers need to be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been around for a longer time and have a an established track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. The company is working to provide the support of more coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet is a new competitor in the market of hardware wallets, promising to be 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price of $149 is on par with other wallets. While the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the history and security measures of other wallets before making a choice. The final decision about whether the Ellipal product is worthwhile for the price 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 extremely new product available on the market.