The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market 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 aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to safe 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 offline and prevents hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews claim the hardware wallet as 100% safe, however it is 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 example, even if it is possible to connect your TREZOR with a compromised device that is infected with viruses, your private keys are still safe and secure.
The Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the back of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining gain access to private information through an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it isn’t battle-tested yet. This is something that potential buyers need to keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been around for a longer time and have a established track records of security.
Regarding support for coins, the Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. However, the company is working to add the support of more coins in the near future.
In conclusion In conclusion, the Ellipal wallet has been a new competitor in the hardware wallet market that claims to be completely secure due to its complete inaccessibility to any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag of $149 is in line with other wallets. Although the concept of a totally separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other wallets prior to making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design but it’s not as convenient in use as the other hardware wallets. It’s also an all-new product available on the market.