The world of cryptocurrency has seen a significant increase in the amount of hardware wallets on the market in recent years, all promising to keep digital assets secure and safe. The Ellipal wallet is the latest entry into the market and is aiming to differentiate itself from the crowd by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for safe security for digital asset storage becomes increasingly crucial. It is the Ellipal digital wallet device that stores the private key to digital assets offline, preventing hackers from stealing them remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. It raised $55K through an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews state the hardware wallet as completely secure, however, it’s important to note that the hardware wallets from rival companies such as TREZOR as well as Ledger are also designed in a way that no outside attacker can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR with a compromised system which is infected by viruses Your private keys are still safe and secure.
Its Ellipal wallet is distinctive in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates through QR codes using cameras on its back of the. This makes it an extremely secure option as it eliminates the possibility of a hacker getting an access point to your private keys through the network. It’s important to note that this could mean that the Ellipal wallet is not so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, meaning that it’s not tested in battle yet. This is something that potential buyers must take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been in business for a longer time and have a established track records of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. However, the company is currently working on adding support for more coins in the future.
In the end it is clear that the Ellipal wallet is a new player on the market for hardware wallets that claims to be 100% secure due to 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 currently supports the use of a small number of coins and the price of $149 is on par with the other options. While the idea of a totally exclusive hardware wallet is appealing however, you should consider the history and security measures of other hardware wallet options before making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as user-friendly to use as other wallets, and it’s an all-new product on the market.