The cryptocurrency market has witnessed a significant rise in the number of hardware wallets available in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure storage of digital assets becomes more essential. It is the Ellipal wallet is a tool that keeps the private key to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young player in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The company’s website and online reviews claim the hardware wallet as completely safe, however it is important to remember that hardware wallets from rival businesses such as TREZOR and Ledger are also designed in a way that no outside attacker can see your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses, your private keys remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes via a camera on the back of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining gain access to private information via the network. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively recent to market which implies that it’s not combat-tested to date. This is something potential buyers need to take into consideration when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for a longer time and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to provide support for more coins in the future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the hardware wallet market that claims that it is 100% secure because of its complete isolation from any computer or network. Ellipal is a company that’s new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and the price of $149 is on par with its competitors. 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 wallets before making a decision. In the end, the decision on whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as user-friendly to use as other wallets. It’s also an extremely new product that’s available.