The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years. Each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets becomes increasingly important. Ellipal wallet Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively young company on the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim they are completely secure, however, it’s important to note that the hardware wallets from rival companies like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For example, even if the TREZOR is connected TREZOR with a compromised device which is infected by viruses, your private keys remain secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes through an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of hackers having 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 that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, meaning that it isn’t tested in battle yet. This is something prospective buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) were around for longer and have a an established track record of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to add the support of more coins in the near future.
In conclusion In conclusion, it is clear that the Ellipal wallet is a new player in the hardware wallet market and promises to be 100% safe due to its total isolation from any computer or network. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is in line with other wallets. Although the concept of a fully isolated hardware wallet is intriguing, it’s important to consider the history and security measures of other hardware wallets before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the person who buys it. It’s a safe option that has a modern design however, it’s not as easy in use as the other wallets. It’s also an all-new product available on the market.