The world of cryptocurrency has seen an significant increase in the number of hardware wallets available in recent years. Each claims to keep digital assets safe and secure. The Ellipal wallet is the latest entrant in this field and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe storage of digital assets becomes more important. The Ellipal wallet can be described as a gadget that stores the private key to digital assets off-line and prevents hackers from taking them from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new player in the market. They raised $55K in an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets from rival businesses like TREZOR and Ledger are made in a way that no one outside can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised computer that is infected with viruses your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely unconnected to any computer or network that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via an image camera at the rear end. This makes it an extremely secure choice as it removes the possibility of hackers having an access point to your private keys by a network connection. However, it’s important to remember that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it isn’t combat-tested to date. This is something potential buyers must be aware of when buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) have been on the market for longer and have an established track record of security.
In terms of coin support, the Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. The company is working to add support for more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal device is an new competitor in the hardware wallet market and promises that it is 100% secure due to its complete separation from any network or computer. The company behind it is relatively new and the product has not been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and the price at $149 is comparable with other wallets. While the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record features of other hardware wallets prior to making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as easy to use as other hardware wallets, and it’s a relatively new product that’s available.