The world of cryptocurrency has witnessed a significant increase in the amount of hardware wallets in recent years. Each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for secure security for digital asset storage becomes increasingly important. It is the Ellipal wallet can be described as a device which keeps the private keys to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to help fund its development. The website of the company and its online reviews claim that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets of competing companies like TREZOR as well as Ledger are constructed in a manner that no outside attacker can access your private keys. In the event that, for instance, it is possible to connect your TREZOR on a compromised system that has been infected with viruses, your private keys are still protected and safe.
Its 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 connections. Instead, it communicates via QR codes via an image camera at the rear of the. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining access to the private key via a network connection. It’s important to note that this means the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it isn’t battle-tested yet. This is something that potential buyers must take into consideration when purchasing this Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) are around for a longer time and have a an established track record of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the amount 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 In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new player on the hardware wallet market that claims to be 100% secure due to its complete inaccessibility to any network or computer. The company behind it is new, and the product hasn’t been battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is on par with its competitors. While the idea of a fully isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other hardware wallet options before making a choice. The final decision about whether the Ellipal device is well worth the price is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly for use like other hardware wallets, and it’s an all-new product available on the market.