The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets available in recent years. Each claims to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and aims to stand out from its competitors by offering a completely isolated solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure security for digital asset storage becomes more important. The Ellipal wallet is a device that stores the private key to digital assets offline and prevents hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The company’s website as well as online reviews claim that their hardware wallet is completely secure, however, it’s important to keep in mind that hardware wallets of competing companies like TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised system that is infected with viruses your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes through a camera on the back of the. This makes it a very secure choice as it removes the possibility of a hacker gaining access to the private key via the network. However, it’s important to remember that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which means that it has not been combat-tested to date. This is something prospective buyers need to take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) are around for longer and have a proven track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. The company is working to provide support for more coins in the future.
In the end, it is clear that the Ellipal wallet is a fresh player in the hardware wallet market and promises to be completely secure because of its complete separation from any network or computer. Ellipal is a company that’s new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with its competitors. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the track record and security measures of other wallets prior to making a choice. In the end, the decision on whether or not the Ellipal device is well worth the cost is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other wallets, and it’s a relatively new product that’s available.