The cryptocurrency market has witnessed an significant increase in the number of wallets that are hardware on the market in recent years, all promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes more essential. Ellipal wallet Ellipal wallet is a device which keeps the private keys to digital assets offline and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of rival businesses like TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. In the event that, for instance, it is possible to connect your TREZOR with a compromised computer which is infected by viruses, your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it transmits QR codes using cameras on its back of the. This makes it an extremely safe option since it blocks the possibility of hackers getting gain access to private information via an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which implies that it’s not battle-tested yet. This is something potential buyers need to be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) have been around for a longer time and have a established track records of security.
In terms of coin support, the Ellipal wallet is currently able to support the following coins: a few, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some customers. The company is currently working on adding support for more coins in the near future.
In conclusion it is clear that it is clear that the Ellipal device is an fresh player on the market of hardware wallets and promises to be completely secure due to its complete inaccessibility to any network or computer. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins and the price of $149 is on par with its competitors. Although the concept of a totally separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other hardware wallets before making a decision. The final decision about whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with a unique design however, it’s not as easy for use like other hardware wallets. It’s also a relatively new product that’s available.