The cryptocurrency market has witnessed an significant increase in the amount of wallets that are hardware on the market in recent years, each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for secure the storage and protection of assets becomes increasingly essential. The Ellipal digital wallet tool which keeps the private keys to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The company’s website and reviews online claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no one outside can view your private key. For instance, even if you connect your TREZOR with a compromised device that is infected with viruses, your private keys are still secure and safe.
Its Ellipal wallet is unique in its design, it is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes using cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining gain access to private information by the network. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it’s not combat-tested to date. This is something prospective buyers need to be aware of when purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) are on the market for longer and have an established track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports a limited number of coins that are supported, such as 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 customers. But, the company is working to provide the support of more coins in the future.
In conclusion In conclusion, it is clear that the Ellipal wallet has been a fresh player in the market for hardware wallets that claims to be 100% secure due to its complete separation from any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price at $149 is comparable with the other options. While the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the security and track record measures of other wallets before making a decision. In the end, the decision on whether the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option with an innovative design, however, it’s not as easy for use like other wallets. Additionally, it’s an all-new product that’s available.