The world of cryptocurrency has seen an significant increase in the amount of wallets that are hardware in recent years. Each claims to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering a completely isolated solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure storage of digital assets is becoming increasingly essential. Ellipal wallet Ellipal wallet can be described as a device that stores the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews state they are completely secure, however, it’s important to keep in mind that hardware wallets of competing firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to 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.
The Ellipal wallet is unique in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via a camera on the back of the. This makes it a very safe option since it blocks the possibility of a hacker having gain access to private information through the network. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively new to the market, meaning that it’s not battle-tested yet. This is something potential buyers should take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR as well as Ledger) were on the market for longer and have a established track records of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. However, the company is working to add support for more coins in the near future.
In the end it is clear that the Ellipal wallet has been a fresh player on the market for hardware wallets, promising to be 100% secure due to its complete isolation from any computer or network. Its creators are new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is on par with other wallets. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallets prior to making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a very secure option with a unique design but it’s not as convenient to use as other hardware wallets. Additionally, it’s an all-new product that’s available.