The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets in recent years, each promises that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets is becoming increasingly crucial. Ellipal wallet Ellipal digital wallet gadget that stores the private key to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews state they are 100% secure, however, it’s important to remember that hardware wallets from rival firms such as TREZOR and Ledger are also designed in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR with a compromised device that is infected with viruses, your private keys remain secure and safe.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes using cameras on its rear end. This makes it an extremely secure option as it eliminates the possibility of a hacker gaining gain access to private information via an internet connection. However, it’s important to remember that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it isn’t combat-tested to date. This is something that potential buyers need to keep in mind when considering purchasing Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were around for longer and have established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet supports the following coins: a few 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 might be a worry for some users. However, the company is working to add the support of more coins in the future.
In conclusion, the Ellipal wallet has been a new player on the hardware wallet market and promises to be completely secure because of its complete separation from any computer or network. Its creators are relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports only a few coins and the price of $149 is on par with its competitors. While the idea of a totally exclusive hardware wallet is appealing, it’s important to consider the security and track record measures of other wallets prior to making a decision. The final decision about whether or not the Ellipal wallet is worth the price is up to the individual. It’s a safe option that has a modern design however, it’s not as user-friendly in use as the other hardware wallets. Additionally, it’s an extremely new product available on the market.