The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets available on the market in recent years. Each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure storage of digital assets becomes increasingly crucial. The Ellipal wallet is a tool that keeps the private key to digital assets offline to prevent hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets of rival businesses such as TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR with a compromised system which is infected by viruses, your private keys are still secure and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes using cameras on its back of the. This makes it a very secure choice as it removes the possibility of hackers getting access to the private key by an internet connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, meaning that it isn’t tested in battle yet. This is something that potential buyers should keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) were around for longer and have a an established track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. But, the company is working to add more support for coins in the future.
In the end, the Ellipal wallet is a fresh competitor in the market of hardware wallets that claims to be 100% secure due to its complete separation from any network or computer. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports the use of a small number of coins, and its price tag of $149 is on par with its competitors. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other wallets before making a decision. The final decision about whether the Ellipal device is well worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as easy for use like other wallets. Additionally, it’s an all-new product available on the market.