The cryptocurrency market has seen an significant rise in the number of hardware wallets in recent years. Each claims to keep digital assets safe and secure. The Ellipal wallet is a brand new competitor in the field, and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure storage of digital assets becomes increasingly essential. It is the Ellipal wallet is a tool that stores the private key to digital assets offline to prevent hackers from taking the keys from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews state the hardware wallet as 100% secure, but it’s important to remember that hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no one outside can view your private key. For example, even if the TREZOR is connected TREZOR on a compromised device that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes via cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of a hacker having access to the private key via a network connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t as convenient to use like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which implies that it isn’t tested in battle yet. This is something potential buyers must keep in mind when considering purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) have been around for longer and have a an established track record of security.
In terms of support for coin, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to add the support of more coins in the near future.
In the end, the Ellipal device is an new player in the hardware wallet market, promising that it is 100% secure due to its complete inaccessibility to any network or computer. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports a limited number of coins and the price at $149 is comparable with other wallets. Although the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the track record and security features of other hardware wallets before making a choice. In the end, the decision on whether the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other wallets. It’s also an extremely new product that’s available.