The world of cryptocurrency has seen a significant increase in the amount of hardware wallets in recent years, each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for safe storage of digital assets becomes increasingly important. The Ellipal wallet can be described as a tool which keeps the private keys to digital assets off-line, preventing hackers from stealing the keys from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of rival businesses such as TREZOR and Ledger are constructed in a manner that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR to a compromised system that is infected with viruses, your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes using an image camera at the back of the. This makes it an extremely safe option since it blocks the possibility of hackers gaining an access point to your private keys by a network connection. It’s important to note that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it has not been tested in battle yet. This is something that potential buyers need to take into consideration when purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have proven track record of security.
In terms of support for coin, the Ellipal wallet supports a limited number of coins 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 might be a worry for some buyers. However, the company is currently working on adding the support of more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a new competitor in the market of hardware wallets and promises that it is 100% secure due to its complete inaccessibility to any network or computer. Its creators are new and the product has not been battle-tested yet. The Ellipal wallet supports only a few coins and its price of $149 is in line with the other options. Although the idea of a fully separated hardware wallet sounds appealing but it’s crucial to look at the track record and security measures of other hardware wallets before making a decision. In the end, the decision on 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 to use as other wallets, and it’s a relatively new product that’s available.