The world of cryptocurrency has seen a significant increase in the amount of hardware wallets available on the market in recent years. Each claims that digital assets will be secure and safe. The Ellipal wallet is the latest competitor in the field, and is aiming to differentiate itself from its rivals by providing an entirely separate solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe the storage and protection of assets becomes increasingly important. The Ellipal wallet can be described as a device that keeps the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets of competing firms like TREZOR as well as Ledger are constructed in a manner that no outside attacker can view your private key. For example, even if the TREZOR is connected TREZOR with a compromised device that is infected with viruses your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes through an image camera at the rear of the. This makes it a very secure option as it eliminates the possibility of a hacker gaining access to the private key by an internet 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 easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which implies that it isn’t tested in battle yet. This is something that potential buyers should take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) were in business for longer and have a proven track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding the support of more coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a new player in the market for hardware wallets, promising to be completely safe due to its total inaccessibility to any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been tested in battle yet. The Ellipal wallet 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 fully exclusive hardware wallet is appealing, it’s important to consider the history and security features of other hardware wallets before making a choice. Ultimately, the decision of whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s a very secure option with an innovative design, but it’s not as convenient in use as the other hardware wallets. It’s also an all-new product available on the market.