The world of cryptocurrency has seen an significant rise in the number of hardware wallets available on the market in recent years, all claims to keep digital assets safe and secure. Its Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure the storage and protection of assets becomes increasingly crucial. The Ellipal digital wallet gadget that stores the private key to digital assets off-line and prevents hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware component, is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The website of the company and its online reviews claim they are 100% secure, however, it’s important to note that the hardware wallets from rival firms like TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. For instance, even if the TREZOR is connected TREZOR to a compromised device that has been infected with viruses Your private keys are still safe and secure.
Its 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 via QR codes using cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining access to the private key by the network. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it’s not tested in battle yet. This is something that potential buyers need to take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) were in business for longer and have an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. The company is working to add more support for coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market for hardware wallets that claims to be 100% safe due to its total isolation from any computer or network. The company behind it is new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins and its price of $149 is in line with other wallets. Although the concept of a totally exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s a relatively new product available on the market.