The world of cryptocurrency has witnessed a significant rise in the number of wallets that are hardware on the market in recent years, all promising that digital assets will be secure and safe. Its Ellipal wallet is a new competitor in the field, and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes increasingly important. Ellipal wallet Ellipal wallet can be described as a device that stores the private key to digital assets off-line to prevent hackers from taking them from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to help fund its development. The website of the company and its online reviews state they are completely secure, but it’s important to note that the hardware wallets of competing companies like TREZOR and Ledger are made in a way that no attacker from outside is able to view your private key. For example, even if the TREZOR is connected TREZOR to a compromised computer which is infected by viruses your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes through an image camera at the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker gaining access to the private key by the network. It’s important to note that this also means that the Ellipal wallet isn’t as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, which means that it isn’t tested in battle yet. This is something that potential buyers should keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are around for a longer time and have a established track records of security.
In terms of coin support In terms of support for coins, Ellipal wallet supports a limited number of coins. 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 amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. The company is currently working on adding more support for coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh competitor in the hardware wallet market, promising to be completely secure because of its complete isolation from any computer or network. Ellipal is a company that’s relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins and the price of $149 is in line with its competitors. Although the concept 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. In the end, the decision on whether or not the Ellipal device is well worth the cost is up to the individual. It’s a very secure option that has a modern design but it’s not as convenient for use like other hardware wallets. It’s also an extremely new product on the market.