The world of cryptocurrency has seen a significant increase in the number of hardware wallets available on the market in recent years, each claims that digital assets will be safe and secure. Its Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering a completely isolated solution. As cryptocurrency usage is becoming more widespread it is becoming more important to safe storage of digital assets becomes more essential. The Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely to prevent hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews claim that their hardware wallet is completely secure, however, it’s important to note that the hardware wallets of competing firms like TREZOR and Ledger are constructed in a manner that no outside attacker can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised system which is infected by viruses your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes using a camera on the rear end. This makes it a very secure option as it eliminates the possibility of hackers having access to the private key by an internet connection. However, it’s important to remember that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it’s not battle-tested yet. This is something potential buyers should take into consideration when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were on the market for a longer time and have a an established track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is working to provide the support of more coins in the future.
In the end it is clear that the Ellipal wallet has been a brand new player in the market of hardware wallets that claims that it is 100% safe due to its total separation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag of $149 is on par with the other options. Although the concept of a totally exclusive hardware wallet is appealing but it’s crucial to look at the track record and security measures of other wallets prior to making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the individual. 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.