The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets available in recent years. Each promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from its rivals by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal wallet can be described as a tool that stores the private key to digital assets offline, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to fund its development. The website of the company and its reviews online claim the hardware wallet as 100% safe, however it is important to keep in mind that hardware wallets of rival businesses such as TREZOR as well as Ledger are also designed in a way that no outside attacker can view your private key. In the event that, for instance, you connect your TREZOR with a compromised system that has been infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes through an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of hackers having access to the private key through a network connection. However, it’s important to remember that this means 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 is priced at $149. It is relatively recent to market meaning that it has not been battle-tested yet. This is something potential buyers need to be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) were on the market for longer and have established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to provide the support of more coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the market for hardware wallets and promises to be completely safe due to its total inaccessibility to any computer or network. Its creators are relatively new, and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with other wallets. Although the concept of a completely exclusive hardware wallet is appealing but it’s crucial to look at the history and security features of other hardware wallets prior to making a choice. The final decision about whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a very secure option with a unique design however, it’s not as user-friendly in use as the other hardware wallets. It’s also an extremely new product on the market.