The world of cryptocurrency has witnessed a significant rise in the number of wallets that are hardware on the market in recent years. Each claims that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and aims to stand out from its rivals by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for safe security for digital asset storage becomes increasingly crucial. It is the Ellipal digital wallet gadget that stores the private key to digital assets offline to prevent hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively young player in the market. It raised $55K through the course of an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews claim the hardware wallet as 100% secure, but it’s important to note that the hardware wallets from rival firms like TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. In the event that, for instance, 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.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connections. Instead, it communicates via QR codes via a camera on the back of the. This makes it a highly safe option since it blocks the possibility of hackers getting an access point to your private keys via the network. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it isn’t tested in battle yet. This is something prospective buyers need to keep in mind when considering purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for longer and have established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. The company is currently working on adding the support of more coins in the future.
In the end it is clear that the Ellipal device is an brand new player in the market of hardware wallets and promises that it is 100% secure due to its complete inaccessibility to any network or computer. Its creators are new and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price of $149 is in line with other wallets. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the history and security measures of other hardware wallets before making a decision. In the end, the decision on whether or not 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 to use as other wallets. Additionally, it’s an all-new product that’s available.