The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware in recent years, all claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe the storage and protection of assets becomes more crucial. The Ellipal digital wallet gadget that stores the private key to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund its development. The company’s website and online reviews state they are 100% secure, however, it’s important to note that the hardware wallets from rival businesses like TREZOR as well as Ledger are made in a way that no one outside can view your private key. For example, even if it is possible to connect your TREZOR with a compromised computer which is infected by viruses your private keys will remain protected and safe.
The Ellipal wallet is distinctive in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via a camera on the rear of the. This makes it a highly secure option as it eliminates the possibility of hackers getting access to the private key through a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it’s not combat-tested to date. This is something potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for a longer time and have a an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. The company is working to add the support of more coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a fresh player on the hardware wallet market and promises that it is 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s new and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins, and its price tag of $149 is on par with the other options. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware wallet options before making a decision. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option that has a modern design but it’s not as convenient to use as other wallets. Additionally, it’s an extremely new product that’s available.