The world of cryptocurrency has witnessed a significant increase in the amount of wallets that are hardware on the market in recent years. Each claims that digital assets will be secure and safe. The Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing an entirely separate solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure the storage and protection of assets is becoming increasingly essential. It is the Ellipal wallet is a device that stores the private key to digital assets offline and prevents hackers from taking them from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews state the hardware wallet as completely safe, however it is important to remember that hardware wallets from rival firms such as TREZOR as well as Ledger are made in a way that no attacker from outside is able to access your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised system that has been infected with viruses Your private keys remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes using an image camera at the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers having access to the private key through the network. However, it’s worth noting that this means the Ellipal wallet isn’t as convenient to use as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, which means that it’s not battle-tested yet. This is something that potential buyers should be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are around for a longer time and have a proven track record of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support only a small number of coins, including 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. The company is currently working on adding support for more coins in the near future.
In conclusion it is clear that the Ellipal wallet has been a brand new player in the market for hardware wallets that claims to be 100% secure because of its complete separation from any network or computer. Its creators are relatively new, and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag at $149 is comparable with its competitors. While the idea of a totally isolated hardware wallet is intriguing however, you should consider the security and track record measures of other wallet options before making a choice. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy to use as other hardware wallets, and it’s an all-new product that’s available.