The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets in recent years, each promises that digital assets will be safe and secure. The Ellipal wallet is the latest entrant in this field and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for secure storage of digital assets becomes increasingly essential. It is the Ellipal wallet can be described as a tool which keeps the private keys to digital assets indefinitely to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. They raised $55K in an Indiegogo campaign to fund its development. The website of the company and its online reviews state the hardware wallet as 100% secure, but it’s important to remember that hardware wallets from rival businesses like TREZOR and Ledger are also designed in a way that no outside attacker can access your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised device which is infected by viruses, your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique 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 via QR codes via a camera on the back of the. This makes it a highly safe option since it blocks the possibility of hackers gaining access to the private key through a network connection. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it’s not battle-tested yet. This is something that potential buyers should be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add more support for coins in the near future.
In conclusion In conclusion, the Ellipal wallet has been a new player on the market of hardware wallets, promising that it is 100% safe due to its total isolation from any network or computer. The company behind it is relatively new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price of $149 is on par with its competitors. Although the concept of a completely isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice with an innovative design, however, it’s not as easy to use as other wallets, and it’s a relatively new product on the market.