The world of cryptocurrency has seen a significant increase in the number of hardware wallets on the market in recent years, all promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe the storage and protection of assets becomes increasingly crucial. The Ellipal wallet can be described as a 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 hardware wallet, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The website of the company and its online reviews claim the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets from rival companies such as TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR on a compromised computer that is infected with viruses your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using cameras on its rear end. This makes it an extremely secure choice as it removes the possibility of hackers having access to the private key via an internet connection. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it isn’t combat-tested to date. 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 as well as Ledger) are around for longer and have an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. However, the company is currently working on adding support for more coins in the near future.
In the end In conclusion, the Ellipal wallet is a new player on the hardware wallet market that claims to be completely secure because of its complete isolation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and the price of $149 is in line with other wallets. Although the concept of a fully exclusive hardware wallet is appealing, it’s important to consider the history and security features 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 a unique design however, it’s not as easy in use as the other wallets. It’s also a relatively new product that’s available.