The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available in recent years, each claims that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for safe storage of digital assets becomes increasingly crucial. It is the Ellipal wallet is a tool that keeps the private key to digital assets off-line, preventing hackers from stealing them from a remote location.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The website of the company and its online reviews claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets of rival businesses such as TREZOR as well as Ledger are also designed in a way that no one outside can view your private key. For example, even if the TREZOR is connected TREZOR on a compromised device which is infected by viruses, your private keys will remain secure and safe.
Its Ellipal wallet is unique 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 a camera on the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting gain access to private information via a network connection. However, it’s worth noting that this means the Ellipal wallet is not as convenient to use as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it has not been battle-tested yet. This is something prospective buyers must keep in mind when considering buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were around for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. However, the company is currently working on adding support for more coins in the future.
In conclusion it is clear that the Ellipal wallet has been a new competitor in the market for hardware wallets that claims that it is 100% safe due to its total separation from any network or computer. The company behind it is relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag at $149 is comparable with its competitors. Although the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other wallet options before making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s a very secure option with a unique design however, it’s not as user-friendly in use as the other wallets, and it’s an extremely new product that’s available.