The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets in recent years, each promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and hopes to differentiate from its competitors by offering a completely isolated solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal wallet is a tool that keeps the private key to digital assets offline, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. It raised $55K through the course of an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews claim the hardware wallet as completely 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 outside attacker can access your private keys. For example, even if you connect your TREZOR with a compromised system that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes using cameras on its rear of the. This makes it a highly safe option since it blocks the possibility of hackers gaining an access point to your private keys via an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which means that it’s not combat-tested to date. This is something that potential buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for a longer time and have a established track records of security.
Regarding support for coins, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. However, the company is currently working on adding the support of more coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a brand new player on the market of hardware wallets, promising that it is 100% safe due to its total inaccessibility to any computer or network. Its creators are relatively new, and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is on par with its competitors. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the security and track record measures of other wallets before making a choice. The final decision about whether or not the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as user-friendly to use as other hardware wallets. Additionally, it’s an extremely new product that’s available.