The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets on the market in recent years, each claims to keep digital assets safe and secure. Its Ellipal wallet is a brand new competitor in the field, and aims to stand out from its rivals by providing an entirely separate solution. As cryptocurrency usage grows more commonplace, the need for safe the storage and protection of assets is becoming increasingly crucial. The Ellipal digital wallet gadget that stores the private key to digital assets off-line and prevents hackers from taking them remotely.
Ellipal the company that developed the wallet’s hardware is a relatively young company on the market. It raised $55K through an Indiegogo campaign to help fund its development. The website of the company and its online reviews state they are 100% secure, however, it’s important to keep in mind that hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR on a compromised system that is infected with viruses Your private keys remain safe and secure.
Its Ellipal wallet is unique in its design. It is completely disconnected from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes using an image camera at the rear of the. This makes it a highly safe option since it blocks the possibility of a hacker getting access to the private key by a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t so user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it has not been tested in battle yet. This is something that potential buyers must take into consideration when purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were in business for a longer time and have a established track records of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports only a small number of coins, including Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is currently working on adding more support for coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new player on the market for hardware wallets, promising to be completely safe due to its total isolation from any network or computer. Its creators are new and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is on par with the other options. While the idea of a fully exclusive hardware wallet is appealing however, you should consider the security and track record features of other hardware wallets before making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as easy to use as other wallets. It’s also an all-new product available on the market.