The world of cryptocurrency has witnessed an significant increase in the number of wallets that are hardware on the market in recent years. Each promising to keep digital assets secure and safe. The Ellipal wallet is a new entry into the market and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes more important. It is the Ellipal digital wallet gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews claim they are completely secure, but it’s important to remember that hardware wallets from rival businesses like TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. For instance, even if you connect your TREZOR to a compromised system that is infected with viruses Your private keys remain safe and secure.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via an image camera at the back of the. This makes it a very secure option as it eliminates the possibility of hackers gaining access to the private key by a network connection. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something that potential buyers should take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are on the market for longer and have proven track record of security.
In terms of coin support, the Ellipal wallet 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 could be a problem for some users. The company is working to provide more support for coins in the near future.
In conclusion In conclusion, the Ellipal device is an brand new player on the hardware wallet market and promises that it is 100% secure due to its complete inaccessibility to any network or computer. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins and the price of $149 is in line with other wallets. While the idea of a completely isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal device is well worth the price is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly to use as other wallets. It’s also an extremely new product available on the market.