The cryptocurrency market has seen an significant rise in the number of hardware wallets available in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure security for digital asset storage becomes increasingly crucial. The Ellipal wallet is a gadget that stores the private key to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim they are completely secure, however, it’s important to remember that hardware wallets of rival businesses like TREZOR and Ledger are also designed in a way that no outside attacker can view your private key. In the event that, for instance, it is possible to connect your TREZOR to a compromised computer 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 disconnected from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes through cameras on its back of the. This makes it a very safe option since it blocks the possibility of hackers having gain access to private information via an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it’s not battle-tested yet. This is something prospective buyers need to be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for longer and have proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. But, the company is working to add the support of more coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market of hardware wallets and promises that it is 100% secure because of its complete isolation from any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins and the price of $149 is on par with other wallets. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallet options before making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option with an innovative design, but it’s not as convenient for use like other hardware wallets, and it’s an all-new product on the market.