The world of cryptocurrency has seen a significant increase in the number of hardware wallets on the market in recent years, all promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace it is becoming more important to safe storage of digital assets becomes increasingly crucial. The Ellipal digital wallet gadget which keeps the private keys to digital assets indefinitely and prevents hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to finance the development of their product. The website of the company and its reviews online claim that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets from rival companies like TREZOR and Ledger are also designed in a way that no outside attacker can see your private keys. For example, even if the TREZOR is connected TREZOR on a compromised system which is infected by viruses Your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connections. Instead, it transmits QR codes using a camera on the back of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining an access point to your private keys via the network. It’s important to note that this could mean 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 is priced at $149. It is fairly recent to market meaning that it’s not battle-tested yet. This is something that potential buyers should take into consideration when buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for longer and have a an established track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to add support for more coins in the future.
In the end, it is clear that the Ellipal device is an fresh competitor in the hardware wallet market and promises to be completely secure because of its complete isolation from any computer or network. The company behind it is new and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag of $149 is on par with other wallets. Although the idea of a totally isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a very secure option with a unique design but it’s not as convenient for use like other wallets. Additionally, it’s an all-new product on the market.