The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware in recent years, each claims to keep digital assets safe and secure. Its 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 becomes more mainstream, the need for safe storage of digital assets becomes more essential. Ellipal wallet Ellipal wallet can be described as a device that stores the private key to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews state the hardware wallet as 100% safe, however it is important to note that the hardware wallets from rival businesses like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if you connect your TREZOR to a compromised computer that has been infected with viruses, your private keys are still secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes via cameras on its back of the. This makes it a highly secure option as it eliminates the possibility of hackers having an access point to your private keys through an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, meaning that it has not been combat-tested to date. This is something potential buyers should take into consideration when buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were in business for a longer time and have a an established track record of security.
Regarding support for coins, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is working to provide the support of more coins in the near future.
In conclusion In conclusion, the Ellipal device is an new competitor in the market for hardware wallets, promising that it is 100% safe due to its total separation from any network or computer. Ellipal is a company that’s new and the product has not been battle-tested as of 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 idea of a totally separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other wallets before making a choice. In the end, the decision on whether the Ellipal wallet is worth the price is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly in use as the other hardware wallets. It’s also an all-new product on the market.