The world of cryptocurrency has witnessed an significant increase in the amount of wallets that are hardware in recent years, all promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and hopes to differentiate from its competitors by offering a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure security for digital asset storage is becoming increasingly important. It is the Ellipal wallet is a tool which keeps the private keys to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website and reviews online claim they are 100% secure, but it’s important to note that the hardware wallets from rival businesses such as TREZOR and Ledger are also designed in a way that no outside attacker can view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses, your private keys remain protected and safe.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via cameras on its rear end. This makes it an extremely secure choice as it removes the possibility of a hacker having an access point to your private keys via a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, meaning that it isn’t tested in battle yet. This is something potential buyers must keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) are around for longer and have a an established track record of security.
Regarding support for coins, the Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. The company is currently working on adding support for more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an fresh player on the market for hardware wallets that claims to be completely secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with other wallets. Although the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the history and security measures of other wallets prior to making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly in use as the other hardware wallets. Additionally, it’s an all-new product available on the market.