The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace it is becoming more important to secure storage of digital assets becomes increasingly essential. The Ellipal digital wallet device that stores the private key to digital assets off-line to prevent hackers from taking the keys from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The company’s website as well as online reviews claim they are completely secure, however, it’s important to note that the hardware wallets of competing businesses like TREZOR and Ledger are made in a way that no outside attacker can view your private key. In the event that, for instance, it is possible to connect your TREZOR with a compromised system which is infected by viruses, your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes using a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker having access to the private key through the network. However, it’s important to remember that this also means that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it’s not combat-tested to date. This is something potential buyers must take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) were on the market for a longer time and have a established track records of security.
In terms of support for coin, the Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin along with 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 currently working on adding more support for coins in the near future.
In conclusion In conclusion, Ellipal wallet is a good choice. Ellipal device is an new competitor in the hardware wallet market and promises that it is 100% secure due to its complete isolation from any network or computer. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins and the price of $149 is in line with the other options. While the idea of a completely exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other wallets prior to making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a very secure option with an innovative design, however, it’s not as user-friendly for use like other hardware wallets, and it’s an all-new product available on the market.