The cryptocurrency market has witnessed a significant increase in the amount of wallets that are hardware in recent years, each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure security for digital asset storage is becoming increasingly crucial. It is the Ellipal wallet is a device that keeps the private key to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young player in the market. It raised $55K through an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim they are completely secure, however, it’s important to remember that hardware wallets of rival firms like TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised computer which is infected by viruses your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes via an image camera at the rear end. This makes it a highly secure option as it eliminates the possibility of hackers having an access point to your private keys through the network. It’s important to note 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 costs $149 and is fairly new to the market, which implies that it has not been tested in battle yet. This is something prospective buyers must take into consideration when buying Ellipal. 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 a established track records of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. However, the company is working to add the support of more coins in the future.
In the end, it is clear that the Ellipal wallet is a fresh player in the hardware wallet market and promises to be 100% secure because of its complete isolation from any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with its competitors. While the idea of a fully separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallets before making a decision. In the end, the decision on whether the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as easy for use like other wallets. Additionally, it’s a relatively new product on the market.