The world of cryptocurrency has witnessed an significant increase 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 entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for secure the storage and protection of assets becomes more crucial. The Ellipal digital wallet gadget which keeps the private keys to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. In the event that, for instance, you connect your TREZOR with a compromised device that has been infected with viruses Your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates through QR codes through an image camera at the rear of the. This makes it an extremely secure choice as it removes the possibility of hackers having an access point to your private keys via an internet connection. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it’s not combat-tested to date. This is something potential buyers should take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for longer and have a an established track record of security.
Regarding support for coins, the Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is currently working on adding support for more coins in the future.
In the end, the Ellipal device is an new competitor in the hardware wallet market, promising 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 has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and its price at $149 is comparable with the other options. Although the concept of a fully exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallets prior to making a choice. The final decision about whether the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other hardware wallets, and it’s an all-new product on the market.