The world of cryptocurrency has seen an significant increase in the amount of hardware wallets on the market in recent years. Each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage is becoming increasingly crucial. The Ellipal wallet is a gadget which keeps the private keys to digital assets offline to prevent hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The website of the company and its reviews online claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no one outside can view your private key. For example, even if it is possible to connect your TREZOR on a compromised computer that has been 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 transmits QR codes using an image camera at the rear of the. This makes it a highly safe option since it blocks the possibility of hackers having an access point to your private keys through the network. It’s important to note that this means the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, meaning that it’s not tested in battle yet. This is something potential buyers should keep in mind when considering buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) were in business for longer and have an established track record of security.
In terms of coin support, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is currently working on adding support for more coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an new player on the market for hardware wallets that claims to be 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and the price at $149 is comparable with other wallets. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the track record and security measures of other wallets prior to making a decision. In the end, the decision on whether the Ellipal device is well worth the price is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an all-new product on the market.