The world of cryptocurrency has seen a significant rise in the number of hardware wallets in recent years, all claims that digital assets will be safe and secure. The Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure storage of digital assets is becoming increasingly crucial. The Ellipal digital wallet device which keeps the private keys to digital assets off-line to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim they are completely secure, however, it’s important to keep in mind that hardware wallets of competing firms like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if you connect your TREZOR to a compromised computer that is infected with viruses your private keys will remain safe and secure.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through cameras on its rear end. This makes it an extremely safe option since it blocks the possibility of a hacker gaining gain access to private information through a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it isn’t battle-tested yet. This is something prospective buyers must be aware of when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have proven track record of security.
In terms of coin support, the Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. The company is currently working on adding support for more coins in the future.
In conclusion, it is clear that the Ellipal device is an brand new player in the market for hardware wallets, promising to be completely secure because of its complete inaccessibility to any computer or network. Its creators are new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price of $149 is in line with other wallets. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other hardware wallets before making a decision. The final decision about whether or not 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 user-friendly for use like other hardware wallets, and it’s an extremely new product available on the market.