The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware in recent years, all promises that digital assets will be safe and secure. Its Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe the storage and protection of assets becomes more crucial. Ellipal wallet Ellipal wallet is a gadget that stores 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 new company on the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The website of the company and its reviews online claim they are completely secure, but it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are constructed in a manner 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 wireless or wired connections. Instead, it communicates via QR codes via an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of a hacker getting access to the private key by a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which means that it isn’t battle-tested yet. This is something that potential buyers need to take into consideration when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. But, the company is working to provide support for more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal device is an fresh competitor in the market for hardware wallets that claims to be 100% safe due to its total isolation from any computer or network. Its creators are relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is on par with the other options. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the track record and security measures of other wallets before making a decision. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice that has a modern design but it’s not as convenient for use like other wallets. It’s also a relatively new product that’s available.