The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets in recent years. Each promising to keep digital assets secure and safe. The Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing an entirely separate solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure security for digital asset storage is becoming increasingly important. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets offline to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to help fund its development. The company’s website as well as reviews online claim they are 100% secure, but it’s important to note that the hardware wallets of competing firms such as TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised computer that is infected with viruses, your private keys are still safe and secure.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the back of the. This makes it a very secure choice as it removes the possibility of hackers having access to the private key by the network. It’s important to note that this could mean that the Ellipal wallet is not as convenient to use like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market meaning that it’s not tested in battle yet. This is something prospective buyers should be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) were around for longer and have a proven track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to provide the support of more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the market of hardware wallets, promising that it is 100% secure due to its complete separation from any computer or network. The company behind it is relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins and the price of $149 is on par with its competitors. Although the concept of a fully isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other wallet options before making a decision. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the individual. It’s a safe option that has a modern design however, it’s not as easy for use like other wallets. Additionally, it’s an all-new product that’s available.