The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets available on the market in recent years, each claims to keep digital assets secure and safe. Its Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure the storage and protection of assets is becoming increasingly essential. It is the Ellipal digital wallet tool which keeps the private keys to digital assets off-line to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim they are completely secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR as well as Ledger are constructed in a manner that no outside attacker can see your private keys. For instance, even if it is possible to connect your TREZOR on a compromised device that has been infected with viruses Your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely disconnected from any computer or network which means it does not have wired or wireless connectivity. Instead, it transmits QR codes using cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of hackers having access to the private key through a network connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it isn’t combat-tested to date. This is something that potential buyers should take into consideration when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) have been around for longer and have proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to add more support for coins in the near future.
In conclusion In conclusion, it is clear that the Ellipal wallet is a fresh player on the market for hardware wallets and promises to be 100% secure because of its complete inaccessibility to any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag of $149 is on par with the other options. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallets prior to making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a very secure option with an innovative design, however, it’s not as user-friendly in use as the other wallets, and it’s an extremely new product available on the market.