The world of cryptocurrency has seen a significant rise in the number of hardware wallets on the market in recent years, each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its competitors by offering an entirely separate solution. As cryptocurrency usage is becoming more widespread and more commonplace, the need for safe storage of digital assets is becoming increasingly important. It is the Ellipal digital wallet tool that stores the private key to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to see your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised device which is infected by viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes using cameras on its back of the. This makes it an extremely secure choice as it removes the possibility of a hacker getting access to the private key through an internet connection. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it’s not tested in battle yet. This is something that potential buyers must be aware of when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were on the market for longer and have an established track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. The company is working to provide more support for coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a fresh player in the market of hardware wallets and promises that it is 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and its price at $149 is comparable with the other options. Although the idea of a totally exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an all-new product on the market.