The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available in recent years. Each promising that digital assets will be secure and safe. Its Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its rivals by providing an unrivalled 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 essential. Ellipal wallet Ellipal wallet can be described as a tool which keeps the private keys to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews state they are 100% secure, but it’s important to note that the hardware wallets of competing firms like TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. For example, even if you connect your TREZOR with a compromised computer that has been infected with viruses Your private keys are still secure and safe.
Its Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes via an image camera at the back of the. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining an access point to your private keys via the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it’s not tested in battle yet. This is something potential buyers must take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are in business for longer and have 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 a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is currently working on adding 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 that claims that it is 100% safe due to its total inaccessibility to any network or computer. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and the price of $149 is in line with its competitors. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets prior to making a choice. The final decision about whether the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option that has a modern design however, it’s not as easy to use as other wallets. It’s also an extremely new product available on the market.