The cryptocurrency market has witnessed an significant rise in the number of hardware wallets in recent years, all promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from its rivals by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread, the need for safe the storage and protection of assets becomes more essential. It is the Ellipal digital wallet gadget that keeps the private key to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The website of the company and its reviews online claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of rival firms like TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. For instance, even if the TREZOR is connected TREZOR to a compromised computer that is infected with viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive 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 through QR codes via cameras on its rear end. This makes it a highly safe option since it blocks the possibility of hackers getting an access point to your private keys by a network connection. However, it’s worth noting that this means 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 is priced at $149. It is relatively new to the market, meaning that it isn’t tested in battle yet. This is something that potential buyers must keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are around for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, the Ellipal wallet currently supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to add support for more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a new player on the market for hardware wallets, promising to be 100% secure because of its complete separation from any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with the other options. Although the concept of a completely separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other hardware wallets before making a decision. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a very secure option with an innovative design, but it’s not as convenient to use as other wallets, and it’s an all-new product that’s available.