The cryptocurrency market has seen an significant increase in the number of hardware wallets in recent years, all promising to keep digital assets secure and safe. The Ellipal wallet is the latest entry into the market and hopes to differentiate from its competitors by offering an entirely separate solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe the storage and protection of assets is becoming increasingly important. It is the Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and reviews online claim that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets of competing companies like TREZOR and Ledger are made in a way that no outside attacker can view your private key. For example, even if it is possible to connect your TREZOR to a compromised computer that has been infected with viruses Your private keys will remain secure and safe.
The Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes through a camera on the back of the. This makes it an extremely secure option as it eliminates the possibility of a hacker having access to the private key by an internet connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it isn’t tested in battle yet. This is something that potential buyers need to take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) were around for longer and have a an established 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 is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the market of hardware wallets and promises that it is 100% safe due to its total inaccessibility to any network or computer. Its creators are relatively new and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is in line with its competitors. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a very secure option that has a modern design but it’s not as convenient for use like other hardware wallets. Additionally, it’s an all-new product available on the market.