The cryptocurrency market has witnessed a significant increase in the amount of hardware wallets in recent years. Each claims that digital assets will be secure and safe. The Ellipal wallet is the latest competitor in the field, and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure the storage and protection of assets is becoming increasingly important. It is the Ellipal wallet is a gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews state the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of competing businesses such as TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. For example, even if you connect your TREZOR to a compromised device that has been infected with viruses Your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes via an image camera at the rear of the. This makes it a very safe option since it blocks the possibility of hackers having access to the private key via a network connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it’s not combat-tested to date. This is something that potential buyers must take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are in business for longer and have an established track record of security.
Regarding support for coins, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. But, the company is working to add the support of more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a fresh player in the market of hardware wallets and promises that it is 100% secure due to its complete separation from any computer or network. The company behind it is 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 the other options. Although the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the security and track record features of other hardware wallets prior to making a choice. The final decision about whether the Ellipal wallet is worth the cost is up to the person who buys it. It’s an extremely secure choice with an innovative design, but it’s not as convenient for use like other hardware wallets. Additionally, it’s an all-new product available on the market.