The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years, each claims to keep digital assets safe and secure. Its Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering a completely isolated solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage becomes more essential. It is the Ellipal digital wallet device that stores the private key to digital assets offline, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim that their hardware wallet is completely secure, however, it’s important to keep in mind that hardware wallets from rival companies like TREZOR and Ledger are constructed in a manner that no one outside can see your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised system that has been infected with viruses Your private keys are still secure and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes through cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of hackers gaining access to the private key via the network. It’s important to note that this could mean that the Ellipal wallet is not as convenient to use like other wallets on hardware, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which implies that it has not been battle-tested yet. This is something that potential buyers must take into consideration when purchasing the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) have been on the market for longer and have a established track records of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is currently working on adding support for more coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new player in the hardware wallet market and promises to be completely safe due to its total isolation from any computer or network. Ellipal is a company that’s new and the product hasn’t been battle-tested 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 but it’s crucial to look at the security and track record features of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as user-friendly in use as the other hardware wallets. It’s also an extremely new product that’s available.