The cryptocurrency market has seen an significant rise in the number of hardware wallets available on the market in recent years, each promising to keep digital assets secure and safe. Its Ellipal wallet is a new entrant in this field and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for secure the storage and protection of assets is becoming increasingly important. Ellipal wallet Ellipal wallet is a gadget that keeps the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to fund its development. The website of the company and its reviews online claim they are completely secure, but it’s important to remember that hardware wallets of rival firms like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised computer that has been infected with viruses Your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of hackers getting access to the private key by a network connection. However, it’s important to remember that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively recent to market meaning that it isn’t combat-tested to date. This is something that potential buyers need to keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) were in business for a longer time and have a established track records of security.
In terms of coin support in terms of coin support, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is currently working on adding the support of more coins in the near future.
In conclusion it is clear that the Ellipal wallet is a brand new competitor in the market of hardware wallets that claims to be completely secure due to its complete separation from any computer or network. The company behind it is relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is in line with other wallets. While the idea of a totally isolated hardware wallet is intriguing however, you should consider the security and track record measures of other wallet options before making a choice. The final decision about whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a very secure option that has a modern design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an extremely new product that’s available.