The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware on the market in recent years, all promising that digital assets will be secure and safe. The Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for secure the storage and protection of assets becomes increasingly crucial. Ellipal wallet Ellipal wallet can be described as a gadget that stores the private key to digital assets off-line to prevent hackers from taking the keys remotely.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance its development. The company’s website as well as online reviews state that their hardware wallet is 100% safe, however it is important to note that the hardware wallets of rival firms such as TREZOR and Ledger are made in a way that no one outside can see your private keys. In the event that, for instance, you connect your TREZOR to a compromised computer which is infected by viruses Your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it transmits QR codes using cameras on its rear end. This makes it a very safe option since it blocks the possibility of hackers getting gain access to private information by an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which implies that it isn’t tested in battle yet. This is something potential buyers must keep in mind when considering purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for longer and have a an established track record of security.
In terms of support for coin, the Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add support for more coins in the near future.
In the end In conclusion, it is clear that the Ellipal device is an new player in the market for hardware wallets, promising to be 100% secure due to its complete inaccessibility to any computer or network. Its creators are new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins and the price of $149 is on par with the other options. While the idea of a completely separated hardware wallet sounds appealing but it’s crucial to look at the security and track record features of other hardware wallets before making a choice. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s a safe option with a unique design but it’s not as convenient to use as other wallets. Additionally, it’s an all-new product that’s available.