The world of cryptocurrency has seen a significant rise in the number of hardware wallets on the market in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is the latest competitor in the field, and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure security for digital asset storage becomes increasingly crucial. The Ellipal wallet can be described as a gadget that keeps the private key to digital assets off-line and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website and online reviews state that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets from rival businesses such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised system that is infected with viruses your private keys remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes via an image camera at the rear end. This makes it a highly safe option since it blocks the possibility of hackers gaining an access point to your private keys through a network connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it isn’t tested in battle yet. This is something potential buyers must be aware of when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) are on the market for longer and have a proven track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. However, the company is working to add more support for coins in the future.
In the end it is clear that it is clear that the Ellipal device is an fresh competitor in the hardware wallet market that claims to be 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is in line with the other options. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the security and track record measures of other hardware wallets prior to making a decision. In the end, the decision on whether the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an extremely new product on the market.