The world of cryptocurrency has seen a significant increase in the amount of hardware wallets available on the market in recent years, all promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe security for digital asset storage is becoming increasingly essential. Ellipal wallet Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. It raised $55K through the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews state that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of rival firms like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised computer which is infected by viruses Your private keys remain secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes through a camera on the back of the. This makes it a very secure option as it eliminates the possibility of hackers having access to the private key via a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it has not been combat-tested to date. This is something that potential buyers need to be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were on the market for a longer time and have a proven track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. The company is currently working on adding support for more coins in the near future.
In conclusion it is clear that it is clear that the Ellipal device is an fresh player in the hardware wallet market and promises to be completely secure because of its complete isolation from any computer or network. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with its competitors. Although the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallet options before making a decision. In the end, the decision on whether the Ellipal device is well worth the price is up to the individual. It’s an extremely secure choice with an innovative design, but it’s not as convenient to use as other wallets, and it’s an extremely new product on the market.