The world of cryptocurrency has seen an significant increase in the number of hardware wallets available on the market in recent years, each promising to keep digital assets safe and secure. The Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal wallet is a tool which keeps the private keys to digital assets offline and prevents hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. They raised $55K in an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews state they are 100% secure, but it’s important to note that the hardware wallets of competing businesses such as TREZOR as well as Ledger are made in a way that no one outside can view your private key. In the event that, for instance, it is possible to connect your TREZOR to a compromised computer which is infected by viruses, your private keys will remain secure and safe.
The 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 connectivity. Instead, it transmits QR codes using cameras on its back of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining gain access to private information by the network. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it isn’t combat-tested to date. This is something potential buyers need to take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been around for longer and have a an established track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. The company is currently working on adding more support for coins in the near future.
In the end it is clear that it is clear that the Ellipal device is an fresh player in the market of hardware wallets and promises to be completely safe due to its total separation from any network or computer. The company behind it is new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with other wallets. Although the idea of a fully exclusive hardware wallet is appealing however, you should consider the security and track record measures of other hardware wallets before making a choice. In the end, the decision on whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as easy to use as other wallets, and it’s an all-new product that’s available.