The world of cryptocurrency has witnessed an significant increase in the amount of wallets that are hardware in recent years. Each claims to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and aims to stand out from its rivals by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure storage of digital assets is becoming increasingly essential. Ellipal wallet Ellipal wallet can be described as a device that keeps the private key to digital assets offline, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state that their hardware wallet is 100% secure, but it’s important to remember that hardware wallets of rival companies like TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses your private keys will remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using a camera on the back of the. This makes it a very secure choice as it removes the possibility of a hacker having access to the private key via a network connection. However, it’s worth noting that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively recent to market meaning that it isn’t tested in battle yet. This is something prospective buyers should take into consideration when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) were around for longer and have a proven track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin along with 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 working to provide support for more coins in the future.
In conclusion it is clear that it is clear that the Ellipal wallet has been a fresh player on the market of hardware wallets and promises that it is 100% secure due to its complete separation from any network or computer. Ellipal is a company that’s new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with other wallets. Although the concept of a completely separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other wallets before making a decision. In the end, the decision on whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option that has a modern design however, it’s not as user-friendly for use like other wallets. It’s also an extremely new product that’s available.