The world of cryptocurrency has seen an significant increase in the amount of hardware wallets available in recent years. Each claims that digital assets will be secure and safe. Its Ellipal wallet is the latest competitor in the field, and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe the storage and protection of assets is becoming increasingly important. The Ellipal wallet is a tool which keeps the private keys to digital assets indefinitely and prevents hackers from taking them from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim they are 100% secure, however, it’s important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses Your private keys remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes through cameras on its rear of the. This makes it a highly safe option since it blocks the possibility of a hacker having an access point to your private keys via a network connection. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it has not been battle-tested yet. This is something prospective buyers must keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) were on the market for longer and have a proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. The company is working to provide the support of more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the market of hardware wallets, promising to be 100% safe due to its total isolation from any computer or network. Its creators are new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is on par with its competitors. Although the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. The final decision about whether or not the Ellipal wallet is worth the cost is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as user-friendly for use like other hardware wallets, and it’s a relatively new product on the market.