The cryptocurrency market has seen a significant increase in the amount of wallets that are hardware 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 entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure storage of digital assets becomes increasingly important. It is the Ellipal wallet can be described as a device that keeps the private key to digital assets indefinitely to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The company’s website as well as reviews online claim they are completely secure, however, it’s important to note that the hardware wallets of competing companies such as TREZOR as well as Ledger are made in a way that no outside attacker can see your private keys. For instance, even if the TREZOR is connected TREZOR on a compromised computer which is infected by viruses, your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting an access point to your private keys via an internet connection. However, it’s important to remember that this could mean 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 retails for $149. It is fairly brand new in the marketplace, which implies that it isn’t combat-tested to date. This is something prospective buyers need to keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were on the market for a longer time and have a established track records of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add the support of more coins in the future.
In the end, the Ellipal wallet has been a brand new player on the market for hardware wallets, promising to be 100% safe due to its total inaccessibility to any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports only a few coins and its price of $149 is on par with the other options. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy in use as the other hardware wallets, and it’s an all-new product available on the market.