The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware in recent years, each claims to keep digital assets safe and secure. Its Ellipal wallet is a brand new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for safe storage of digital assets is becoming increasingly important. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets off-line and prevents hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The company’s website as well as online reviews claim the hardware wallet as completely secure, but it’s important to remember that hardware wallets from rival firms such as TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. For example, even if you connect your TREZOR with a compromised system 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 unconnected to any network or computer, meaning it has no wireless or wired connections. Instead, it transmits QR codes via an image camera at the back of the. This makes it a very secure choice as it removes the possibility of hackers having gain access to private information by an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it isn’t combat-tested to date. This is something potential buyers must keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) were around for a longer time and have a established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to add more support for coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new competitor in the hardware wallet market, promising to be completely safe due to its total isolation from any computer or network. The company behind it is relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and the price at $149 is comparable with the other options. While the idea of a totally isolated hardware wallet is intriguing however, you should consider the history and security measures of other hardware wallets prior to making a choice. In the end, the decision on whether or not the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as user-friendly to use as other hardware wallets, and it’s a relatively new product that’s available.