The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets available on the market in recent years, each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and hopes to differentiate from its rivals by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream, the need for safe the storage and protection of assets becomes more essential. The Ellipal digital wallet gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing them remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance its development. The company’s website and online reviews claim the hardware wallet as completely safe, however it is important to keep in mind that hardware wallets of competing companies such as TREZOR and Ledger are also designed in a way that no one outside can access your private keys. For example, even if you connect your TREZOR on a compromised system that is 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 computer or network which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes via cameras on its rear end. This makes it a highly secure option as it eliminates the possibility of a hacker getting gain access to private information through an internet connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t as user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which implies that it has not been combat-tested to date. This is something prospective buyers need to keep in mind when considering buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are on the market for longer and have a proven track record of security.
In terms of support for coin, the Ellipal wallet currently supports the following coins: a few which include 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 might be a worry for some users. But, the company is working to provide support for more coins in the future.
In conclusion, the Ellipal wallet has been a fresh competitor in the market for hardware wallets, promising that it is 100% safe due to its total separation from any computer or network. Its creators are new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins and the price of $149 is on par with other wallets. Although the concept of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security measures of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option with a unique design but it’s not as convenient for use like other hardware wallets, and it’s an extremely new product that’s available.