The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware in recent years, all promising to keep digital assets safe and secure. Its Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure storage of digital assets becomes more crucial. The Ellipal wallet is a device that stores the private key to digital assets offline and prevents hackers from taking them remotely.
Ellipal the company that developed the hardware wallet, is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to fund its development. The company’s website and online reviews claim that their hardware wallet is completely secure, but it’s important to keep in mind that hardware wallets of competing companies such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes via cameras on its back of the. This makes it a highly secure choice as it removes the possibility of a hacker getting gain access to private information through the network. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it has not been tested in battle yet. This is something that potential buyers need to be aware of when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) are in business for longer and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add support for more coins in the future.
In the end In conclusion, it is clear that the Ellipal device is an brand new competitor in the market of hardware wallets and promises that it is 100% safe due to its total separation from any network or computer. Its creators are new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins, and its price tag of $149 is in line with the other options. Although the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the history and security features of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option with an innovative design, but it’s not as convenient in use as the other hardware wallets. Additionally, it’s an extremely new product on the market.