The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available in recent years, each promising that digital assets will be safe and secure. Its Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure storage of digital assets becomes increasingly important. The Ellipal digital wallet tool that keeps the private key to digital assets indefinitely to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website and online reviews state the hardware wallet as 100% secure, but 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 outside attacker can see your private keys. In the event that, for instance, you connect your TREZOR on a compromised device which is infected by viruses, your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes through a camera on the back of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining an access point to your private keys by a network connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it’s not combat-tested to date. This is something prospective buyers must be aware of when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) were on the market for longer and have a established track records of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add more support for coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet is a new player on the market for hardware wallets, promising to be 100% secure due to its complete isolation from any computer or network. The company behind it is new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag at $149 is comparable with the other options. Although the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the security and track record features of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly to use as other wallets. Additionally, it’s an extremely new product that’s available.