The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes more crucial. Ellipal wallet Ellipal digital wallet device which keeps the private keys to digital assets off-line, preventing hackers from stealing the keys remotely.
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 fund research and development for their products. The website of the company and its online reviews state the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of competing firms such as TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For example, even if the TREZOR is connected TREZOR to a compromised system that has been infected with viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connections. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of hackers gaining an access point to your private keys by an internet connection. It’s important to note that this means the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, meaning that it has not been combat-tested to date. This is something potential buyers should take into consideration when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is working to provide the support of more coins in the near future.
In the end In conclusion, it is clear that the Ellipal wallet is a new player on the market of hardware wallets that claims to be completely secure due to its complete separation from any computer or network. The company behind it is relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins and the price of $149 is on par with the other options. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option that has a modern design but it’s not as convenient to use as other hardware wallets. Additionally, it’s an extremely new product available on the market.