The world of cryptocurrency has seen a significant rise in the number of hardware wallets available in recent years. Each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and aims to stand out from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal wallet is a gadget that keeps the private key to digital assets off-line, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware component, is a relatively new company on the market. It raised $55K through an Indiegogo campaign to help fund its development. The website of the company and its online reviews claim that their hardware wallet is 100% safe, however it is important to remember that hardware wallets from rival firms like TREZOR and Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR on a compromised device that has been infected with viruses, your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes using cameras on its rear of the. This makes it a highly safe option since it blocks the possibility of a hacker having access to the private key through a network connection. However, it’s worth noting that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it’s not tested in battle yet. This is something potential buyers must be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have a proven track record of security.
In terms of coin support, the Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. The company is working to add support for more coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the market for hardware wallets, promising to be completely secure because of its complete inaccessibility to any network or computer. Its creators are new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with other wallets. Although the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other wallets prior to making a decision. The final decision about whether the Ellipal wallet is worth 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 hardware wallets, and it’s an extremely new product on the market.