The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets available in recent years, each promising that digital assets will be safe and secure. The Ellipal wallet is a brand new entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread, the need for safe storage of digital assets becomes increasingly crucial. Ellipal wallet Ellipal digital wallet gadget which keeps the private keys to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to finance the development of their product. The company’s website as well as reviews online claim the hardware wallet as 100% secure, but it’s important to keep in mind that hardware wallets of competing businesses like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised system that is infected with viruses Your private keys are still secure and safe.
Its Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using a camera on the rear end. This makes it an extremely secure choice as it removes the possibility of hackers getting access to the private key via the network. However, it’s worth noting that this could mean that the Ellipal wallet isn’t so user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it has not been battle-tested yet. This is something that potential buyers need to keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for longer and have proven track record of security.
Regarding support for coins, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the market for hardware wallets and promises to be completely secure because of its complete separation from any computer or network. Its creators are new, and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins and its price at $149 is comparable with other wallets. While the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the security and track record features of other hardware wallet options before making a choice. The final decision about whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option that has a modern design however, it’s not as user-friendly for use like other wallets, and it’s an extremely new product available on the market.