The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available in recent years, each claims that digital assets will be safe and secure. The Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage is becoming increasingly essential. Ellipal wallet Ellipal wallet can be described as a device that stores the private key to digital assets indefinitely to prevent hackers from taking them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance its development. The company’s website as well as online reviews claim that their hardware wallet is 100% secure, but it’s important to remember that hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no outside attacker can see your private keys. In the event that, for instance, you connect your TREZOR on a compromised system which is infected by viruses, your private keys will remain safe and secure.
Its Ellipal wallet is unique in its design. It is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes using a camera on the back of the. This makes it a very safe option since it blocks the possibility of hackers getting an access point to your private keys through the network. However, it’s worth noting that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it’s not battle-tested yet. This is something prospective buyers must be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for a longer time and have a proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to provide support for more coins in the near future.
In conclusion, the Ellipal wallet has been a fresh player on the market for hardware wallets, promising to be completely safe due to its total separation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins and its price at $149 is comparable with its competitors. Although the concept of a fully exclusive hardware wallet is appealing, it’s important to consider the history and security features of other hardware wallets prior to making a decision. The final decision about whether the Ellipal device is well worth the cost is up to the individual. It’s a safe option that has a modern design however, it’s not as easy to use as other hardware wallets. Additionally, it’s a relatively new product that’s available.