The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets on the market in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure the storage and protection of assets becomes more essential. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets off-line to prevent hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews state that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised system that has been infected with viruses Your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining gain access to private information by a network connection. However, it’s worth noting that this means the Ellipal wallet is not as convenient to use like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it isn’t battle-tested yet. This is something prospective buyers need to keep in mind when considering purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) are on the market for a longer time and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is currently working on adding support for more coins in the future.
In conclusion it is clear that it is clear that the Ellipal device is an brand new player on the hardware wallet market that claims that it is 100% secure due to its complete isolation from any network or computer. The company behind it is relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins, and its price tag at $149 is comparable with its competitors. Although the concept of a totally separated hardware wallet sounds appealing but it’s crucial to look at the security and track record features of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option that has a modern design but it’s not as convenient for use like other wallets. Additionally, it’s an extremely new product that’s available.