The world of cryptocurrency has seen a significant rise in the number of wallets that are hardware on the market in recent years. Each promises to keep digital assets safe and secure. The Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure security for digital asset storage becomes increasingly crucial. The Ellipal wallet is a gadget that stores the private key to digital assets offline and prevents hackers from taking the keys remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new player in the market. It raised $55K through the course of an Indiegogo campaign to help fund its development. The company’s website and reviews online claim that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of rival firms such as TREZOR as well as Ledger are constructed in a manner that no outside attacker can view your private key. For instance, even if you connect your TREZOR with a compromised device which is infected by viruses, your private keys remain safe and secure.
The Ellipal wallet is unique in its design. It is completely disconnected from any network or computer which means it does not have wireless or wired connectivity. Instead, it transmits QR codes via an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of a hacker having access to the private key through the network. However, it’s worth noting that this means the Ellipal wallet is not so user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it’s not tested in battle yet. This is something potential buyers should keep in mind when considering buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for a longer time and have a an established track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few, 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 buyers. But, the company is currently working on adding support for more coins in the near future.
In conclusion, the Ellipal wallet has been a fresh player on the hardware wallet market and promises that it is 100% safe due to its total isolation from any network or computer. Ellipal is a company that’s new and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag of $149 is on par with its competitors. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the security and track record measures of other hardware wallet options before making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the individual. It’s a safe option with a unique design however, it’s not as user-friendly to use as other hardware wallets. Additionally, it’s an extremely new product on the market.