The world of cryptocurrency has witnessed a significant rise in the number of wallets that are hardware on the market in recent years, all promises that digital assets will be secure and safe. Its Ellipal wallet is the latest competitor in the field, and aims to stand out from its rivals by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe the storage and protection of assets becomes more crucial. The Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website and online reviews state that their hardware wallet is completely secure, however, it’s important to keep in mind that hardware wallets from rival businesses such as TREZOR as well as Ledger are constructed in a manner that no one outside can view your private key. For instance, even if the TREZOR is connected TREZOR to a compromised system which is infected by viruses, your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes via cameras on its rear end. This makes it a very secure choice as it removes the possibility of a hacker gaining an access point to your private keys through the network. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it’s not battle-tested yet. This is something prospective buyers need to keep in mind when considering purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for longer and have a an established track record of security.
In terms of support for coin, the Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to provide the support of more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a brand new competitor in the market of hardware wallets that claims to be 100% secure because of its complete inaccessibility to any computer or network. 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 the price at $149 is comparable with other wallets. Although the concept of a fully separated hardware wallet sounds appealing but it’s crucial to look at the security and track record features of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly to use as other hardware wallets. It’s also a relatively new product on the market.