The world of cryptocurrency has seen a significant increase in the number of wallets that are hardware on the market in recent years, all promises that digital assets will be safe and secure. Its Ellipal wallet is a brand new entrant in this field and aims to stand out from its competitors by offering a completely isolated solution. As cryptocurrency usage becomes more mainstream, the need for secure security for digital asset storage is becoming increasingly essential. Ellipal wallet Ellipal wallet can be described as a device that keeps the private key to digital assets offline, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews state that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of rival firms like TREZOR and Ledger are also designed in a way that no attacker from outside is able to view your private key. In the event that, for instance, it is possible to connect your TREZOR to a compromised computer that is infected with viruses, your private keys remain protected and safe.
The Ellipal wallet is unique in its design, it is completely disconnected from any computer or network which means it does not have wireless or wired connections. Instead, it communicates through QR codes via a camera on the rear end. This makes it a highly secure choice as it removes the possibility of a hacker gaining gain access to private information via a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly like other wallets on hardware, which can be connected to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which implies that it has not been battle-tested yet. This is something potential buyers need to keep in mind when considering purchasing Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have a established track records of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. However, the company is working to provide support for more coins in the future.
In the end, the Ellipal device is an brand new competitor in the market of hardware wallets, promising that it is 100% safe due to its total separation from any network or computer. Ellipal is a company that’s new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and the price of $149 is in line with its competitors. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the security and track record measures of other hardware wallets prior to making a decision. The final decision about whether or not the Ellipal product is worthwhile for the price is entirely up to the user. It’s an extremely secure choice with a unique design however, it’s not as user-friendly for use like other wallets. It’s also an all-new product that’s available.