The cryptocurrency market has seen a significant increase in the number of wallets that are hardware on the market in recent years, all promises to keep digital assets secure and safe. Its Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe the storage and protection of assets becomes increasingly important. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets off-line, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the wallet’s hardware component is a relatively young company on the market. The company raised $55K via an Indiegogo campaign to finance research and development for their products. The company’s website and reviews online claim the hardware wallet as 100% secure, but it’s important to remember that hardware wallets of competing firms like TREZOR as well as Ledger are made in a way that no outside attacker can 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 remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes through an image camera at the back of the. This makes it an extremely safe option since it blocks the possibility of a hacker having access to the private key by the network. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it has not been tested in battle yet. This is something that potential buyers must take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for a longer time and have a proven track record of security.
In terms of coin support in terms of coin support, the Ellipal wallet supports a limited number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. The company is working to add the support of more coins in the near future.
In conclusion, the Ellipal wallet is a new player in the market of hardware wallets that claims to be 100% secure due to its complete separation from any computer or network. Ellipal is a company that’s 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 of $149 is in line with other wallets. Although the concept of a totally separated hardware wallet sounds appealing but it’s crucial to look at the history and security features of other hardware wallets prior to making a choice. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s a very secure option with a unique design however, it’s not as user-friendly to use as other hardware wallets, and it’s a relatively new product that’s available.