The cryptocurrency market has seen an significant rise 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 the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure storage of digital assets becomes more important. It is the Ellipal digital wallet tool that stores the private key to digital assets off-line, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews state that their hardware wallet is 100% secure, however, it’s important to remember that hardware wallets of competing firms like TREZOR and Ledger are made in a way that no outside attacker can view your private key. For instance, even if it is possible to connect your TREZOR to a compromised computer that is infected with viruses your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through an image camera at the rear of the. This makes it a highly secure choice as it removes the possibility of a hacker having gain access to private information through the network. It’s important to note that this means the Ellipal wallet is not so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it’s not battle-tested yet. This is something that potential buyers need to keep in mind when considering buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were around for longer and have an established track record of security.
Regarding support for coins, the Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some buyers. However, the company is working to provide more support for coins in the future.
In the end In conclusion, the Ellipal wallet is a brand new player in the market for hardware wallets and promises to be completely secure due to its complete separation from any computer or network. The company behind it is new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and the price at $149 is comparable with other wallets. Although the idea of a fully exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallets before making a choice. In the end, the decision on whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a safe option with a unique design however, it’s not as user-friendly for use like other wallets, and it’s an extremely new product on the market.