The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available on the market in recent years, each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest entry into the market and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency becomes more mainstream, the need for secure storage of digital assets becomes increasingly essential. The Ellipal digital wallet gadget which keeps the private keys to digital assets off-line to prevent hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim they are 100% secure, however, it’s important to note that the hardware wallets of rival businesses such as TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR to a compromised system which is infected by viruses Your private keys remain secure and safe.
The Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes using cameras on its rear end. This makes it an extremely safe option since it blocks the possibility of a hacker getting gain access to private information through an internet connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which means that it isn’t battle-tested yet. This is something that potential buyers need to keep in mind when considering buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) were around for longer and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. The company is working to provide more support for coins in the future.
In the end In conclusion, it is clear that the Ellipal device is an new competitor in the market of hardware wallets, promising to be completely secure due to its complete inaccessibility to 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 the price of $149 is on par with other wallets. Although the concept of a fully exclusive hardware wallet is appealing but it’s crucial to look at the security and track record measures of other hardware wallets prior to making a decision. The final decision about whether the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as easy for use like other wallets, and it’s an extremely new product on the market.