The world of cryptocurrency has seen a significant rise in the number of hardware wallets available in recent years, all promising to keep digital assets secure and safe. The Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from its rivals by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe the storage and protection of assets becomes more essential. Ellipal wallet Ellipal digital wallet device that stores the private key to digital assets off-line to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews state that their hardware wallet is completely safe, however it is important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For example, even if you connect your TREZOR to a compromised device that has been infected with viruses, your private keys are still safe and secure.
The Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes through an image camera at the rear of the. This makes it a very safe option since it blocks the possibility of hackers having gain access to private information via an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively recent to market meaning that it’s not battle-tested yet. This is something potential buyers must be aware of when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for longer and have proven track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to provide the support of more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet has been a brand new player in the market of hardware wallets and promises that it is 100% secure because of its complete isolation from any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is in line with its competitors. Although the concept of a totally separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallets prior to making a choice. The final decision about whether the Ellipal device is well worth the price is up to the person who buys it. It’s a very secure option that has a modern design but it’s not as convenient for use like other hardware wallets, and it’s an extremely new product available on the market.