The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years, all promising that digital assets will be secure and safe. Its Ellipal wallet is the latest competitor in the field, and hopes to differentiate from its rivals by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for secure storage of digital assets becomes more important. The Ellipal wallet can be described as a device that stores the private key to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website and online reviews claim that their hardware wallet is 100% safe, however it is important to keep in mind that hardware wallets of competing companies like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised computer which is infected by viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes using cameras on its rear end. This makes it a highly safe option since it blocks the possibility of hackers getting access to the private key through the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it’s not combat-tested to date. This is something prospective buyers must be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) are around for a longer time and have a established track records of security.
In terms of coin support, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding more support for coins in the near future.
In conclusion it is clear that it is clear that the Ellipal device is an new competitor in the market of hardware wallets, promising to be completely secure due to its complete inaccessibility to any computer or network. Ellipal is a company that’s new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is on par with the other options. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. The final decision about whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a safe option that has a modern design but it’s not as convenient in use as the other hardware wallets, and it’s an all-new product available on the market.