The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets available on the market in recent years. Each claims that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure security for digital asset storage becomes increasingly essential. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets off-line and prevents hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to finance the development of their product. The company’s website and online reviews claim the hardware wallet as 100% secure, but it’s important to keep in mind that hardware wallets of rival companies like TREZOR as well as Ledger are also designed in a way that no one outside can see your private keys. For example, even if the TREZOR is connected TREZOR on a compromised device that has been infected with viruses your private keys will remain protected and safe.
Its Ellipal wallet is distinctive in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes via a camera on the rear end. This makes it a highly secure choice as it removes the possibility of a hacker gaining gain access to private information through the network. However, it’s worth noting that this also means that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something prospective buyers must take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are in business for longer and have a an established track record of security.
In terms of coin support In terms of 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 and ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. The company is currently working on adding support for more coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the hardware wallet market that claims to be 100% secure because of its complete separation from any network or computer. The company behind it is new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins, and its price tag of $149 is on par with other wallets. While the idea 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 choice. The final decision about whether or not the Ellipal device is well worth the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly in use as the other wallets. It’s also a relatively new product on the market.