The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available in recent years. Each promises that digital assets will be safe and secure. The Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe storage of digital assets is becoming increasingly important. Ellipal wallet Ellipal digital wallet gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new competitor in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The website of the company and its online reviews state the hardware wallet as completely safe, however it is important to note that the hardware wallets from rival businesses like TREZOR and Ledger are made in a way that no one outside can view your private key. In the event that, for instance, the TREZOR is connected TREZOR with a compromised system which is infected by viruses your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any network or computer, meaning it has no wireless or wired connections. Instead, it communicates through QR codes using cameras on its rear end. This makes it a very secure choice as it removes the possibility of hackers having access to the private key through the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which means that it has not been combat-tested to date. This is something that potential buyers should take into consideration when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been in business for longer and have proven track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to provide the support of more coins in the near future.
In the end, the Ellipal wallet has been a fresh competitor in the hardware wallet market, promising that it is 100% secure due to its complete isolation from any computer or network. The company behind it is new and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins, and its price tag at $149 is comparable with other wallets. Although the concept of a completely isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other hardware wallet options before making a decision. The final decision about whether the Ellipal device is well worth the price is up to the individual. It’s a very secure option that has a modern design however, it’s not as user-friendly in use as the other hardware wallets, and it’s an all-new product on the market.