The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and hopes to differentiate from its competitors by offering a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure the storage and protection of assets is becoming increasingly crucial. The Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews claim they are 100% safe, however it is important to keep in mind that hardware wallets of rival businesses like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. For example, even if the TREZOR is connected TREZOR on a compromised device that has been infected with viruses, your private keys will remain secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes through cameras on its back of the. This makes it an extremely secure option as it eliminates the possibility of hackers having access to the private key through an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, meaning that it has not been combat-tested to date. This is something prospective buyers should keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been around for a longer time and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. The company is currently working on adding support for more coins in the near future.
In the end it is clear that the Ellipal device is an fresh player in the market of hardware wallets, promising to be completely secure because of its complete isolation from any network or computer. Ellipal is a company that’s new and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with other wallets. While the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the history and security features of other hardware wallets before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the individual. It’s a very secure option with a unique design however, it’s not as easy to use as other wallets, and it’s an extremely new product on the market.