The world of cryptocurrency has seen a significant rise in the number of hardware wallets on the market in recent years, all promising that digital assets will be safe and secure. The Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for safe security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware 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 website of the company and its online reviews state the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of rival companies such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to view your private key. For instance, even if you connect your TREZOR to a compromised system that has been infected with viruses Your private keys are still secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes through an image camera at the rear end. This makes it an extremely secure option as it eliminates the possibility of hackers gaining access to the private key via a network connection. However, it’s worth noting that this means the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it has not been battle-tested yet. This is something prospective buyers need to take into consideration when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been around for a longer time and have a established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to add more support for coins in the near future.
In conclusion it is clear that the Ellipal wallet is a fresh player in the market of hardware wallets that claims to be completely safe due to its total isolation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and the price at $149 is comparable with other wallets. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal device is well worth the price is up to the individual. It’s a very secure option with an innovative design, however, it’s not as easy for use like other hardware wallets, and it’s a relatively new product available on the market.