The world of cryptocurrency has seen a significant rise in the number of hardware wallets in recent years. Each claims to keep digital assets safe and secure. Its Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency grows more commonplace, the need for secure storage of digital assets becomes more essential. Ellipal wallet Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via 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 made in a way that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR with a compromised computer that has been infected with viruses, your private keys will remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of a hacker gaining access to the private key by an internet connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is fairly recent to market meaning that it isn’t tested in battle yet. This is something potential buyers need to keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) are around for longer and have a established track records of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to provide support for more coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet has been a new competitor in the market for hardware wallets and promises to be completely safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet currently supports the use of a small number of coins and the price at $149 is comparable with other wallets. Although the concept of a completely exclusive hardware wallet is appealing however, you should consider the history and security measures of other wallet options before making a choice. In the end, the decision on whether the Ellipal wallet is worth the cost is up to the individual. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other hardware wallets, and it’s an all-new product available on the market.