The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years. Each promises to keep digital assets safe and secure. The Ellipal wallet is a new competitor in the field, and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As cryptocurrency usage becomes more mainstream it is becoming more important to secure the storage and protection of assets becomes more important. Ellipal wallet Ellipal wallet can be described as a tool that keeps the private key to digital assets off-line and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young company on 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 reviews online claim the hardware wallet as completely secure, but it’s important to remember that hardware wallets from rival companies such as TREZOR and Ledger are made in a way that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR on a compromised computer that is infected with viruses Your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes through an image camera at the back of the. This makes it a highly secure choice as it removes the possibility of hackers getting gain access to private information by an internet connection. It’s important to note that this means the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it isn’t combat-tested to date. This is something prospective buyers need to keep in mind when considering buying the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been on the market for a longer time and have a established track records of security.
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 which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the coins supported by its competitors, 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 conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a brand new player on the market of hardware wallets, promising that it is 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s new and the product has not been battle-tested yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with its competitors. While the idea of a fully isolated hardware wallet is intriguing, it’s important to 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 up to the individual. It’s a very secure option that has a modern design but it’s not as convenient to use as other wallets, and it’s a relatively new product available on the market.