The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets on the market in recent years, all claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and is aiming to differentiate itself from its competitors by offering a completely isolated solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for safe security for digital asset storage becomes more essential. The Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal the company that developed the hardware wallet, is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The company’s website as well as online reviews claim they are completely secure, but it’s important to note that the hardware wallets of competing firms like TREZOR as well as Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR on a compromised device that is infected with viruses Your private keys will remain safe and secure.
The Ellipal wallet is distinctive in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connections. Instead, it transmits QR codes through a camera on the back of the. This makes it an extremely secure choice as it removes the possibility of a hacker getting access to the private key via a network connection. However, it’s worth noting that this could mean that the Ellipal wallet isn’t as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which means that it isn’t battle-tested yet. This is something potential buyers must take into consideration when purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as 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 only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. But, the company is working to provide support for more coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new competitor in the hardware wallet market, promising to be 100% safe due to its total separation from any network or computer. Its creators are relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is on par with its competitors. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the security and track record measures of other wallets before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for 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 wallets. Additionally, it’s a relatively new product on the market.