The cryptocurrency market has seen an significant increase in the number of wallets that are hardware in recent years, each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe storage of digital assets becomes more important. It is the Ellipal wallet is a gadget that stores the private key to digital assets off-line to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The website of the company and its online reviews state that their hardware wallet is completely secure, but it’s important to keep in mind that hardware wallets of competing firms like TREZOR and 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, you connect your TREZOR with a compromised device that is infected with viruses Your private keys are still safe and secure.
The Ellipal wallet is unique in its design, it is completely disconnected from any network or computer, meaning it has no wireless or wired connections. Instead, it transmits QR codes via an image camera at the back of the. This makes it a highly safe option since it blocks the possibility of hackers getting access to the private key through the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it isn’t tested in battle yet. This is something prospective buyers should take into consideration when purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been in business for longer and have an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to add more support for coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh player on the market for hardware wallets and promises to be completely secure because of its complete inaccessibility to any computer or network. The company behind it is new and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is on par with other wallets. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security features of other hardware wallets prior to 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 safe option that has a modern design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an all-new product available on the market.