Unlike fiat currencies, digital currencies require a cryptocurrency wallet to store them until they are used by their holder. As a result, both software and hardware wallets were created as places to store cryptocurrencies. Any investment platform's protection has always been a top priority; it's no surprise that centralised institutions go to great lengths to protect their customers' assets and funds. The crypto-sphere has been wracked by hackers who have made off with crypto enthusiasts' hard-earned money. One of the most popular "good morning messages" has always been that accessing your wallet online is risky.
Crypto enthusiasts, on the other hand, didn't have much of an option until the development of hardware wallets. Companies like Ledger and Trezor were among the first to create hardware wallets. To prevent hackers from accessing users' private keys, hardware wallets were designed to save them in an offline mode.
Unfortunately, technical advances have resulted in vulnerabilities in some existing hardware wallets as a consequence of their use. Before making a transaction, most of these hardware wallets also require users to link their wallets to an online device. This is where Robin (the hacker) is given the chance to rob the hood (crypto enthusiasts). The creation of the Ellipal Air-Gapped Wallet has completely closed this loophole.
Ellipal's security
Ellipal Hardware Wallet is the first cryptocurrency wallet that allows users to perform transactions without needing to link to a network such as Bluetooth, WIFI, or a mobile network. This feature explains its air-gapped nature, which makes remote access to its users' funds impossible for any hacker. Due to Ellipal wallet's air-gapped nature, it's fairly typical to cross the wires when making transactions. The Ellipal wallet can be used to make transactions by checking the QR-Code on the hardware wallet with its mobile application.
The ELLIPAL Titan has an IP65-rated, fully sealed metal body in addition to being air-gapped. It's dustproof, impact resistant, (light) water jet resistant, and, most importantly, physical attack resistant. If an attacker tries to physically break open the computer to steal your information, the machine can kill itself to protect your information, due to its anti-tamper technology. Not to mention the fully enclosed metal body, which makes it impossible to break into.
You can rely on a simple, basic, and interactive Graphic User Interface
Both the hardware wallet and the mobile app have a well-designed graphical user interface that makes it very easy to use. Unlike other hardware wallets that need seasoned cryptopreneurs, this wallet allows crypto beginners to use it. The wallet's multi-language integration is another feature that sets it apart from other wallets. Ellipal wallet is available in Korean, English, Chinese, and Japanese, enabling it to be used all over the world. Running through the wallet is easy thanks to its 5.5” touch screen, which clearly displays the wallet's well-defined tabs and functions.
Ease of Sharing and Selling Cryptocurrencies
Volatility is one of the few roadblocks stopping more people from investing in cryptocurrencies. Nonetheless, the Ellipal mobile application provides users with real-time market rates, news, and other crypto-related information, as well as alerts when they go live. Crypto enthusiasts can allow push-up notifications and warnings to be informed of market volatility based on their set goals.
This same platform allows users to trade their cryptocurrencies without needing to register with a cryptocurrency exchange. As a result, users can follow the market's ups and downs and conduct trades whenever they want. Most big cryptocurrencies, as well as ERC-20 Tokens, are provided by the Ellipal wallet. It was recently integrated with Binance's main network, enabling it to support its coin and conduct transactions through Binance DEX. As a result, this wallet is very easy to use since it supports the majority of cryptocurrencies currently in use in the crypto-sphere. With the inclusion of cryptocurrencies, this hardware wallet will provide users with a secure haven for all of their properties.
Ellipal Versus other wallets
Even though other wallets like Ledger and Trezor have been around for a while, a simple comparison shows some vulnerabilities that hackers can exploit to gain access to their users' funds. Most hardware wallets, like Ledger, Trezor, and most others, require users to link their wallets to a device that is linked to the internet, evoking the idea of holding the wallet cold. Hackers can gain access to users' funds through connections such as WIFI, USB, Mobile Network, and Bluetooth if they can connect to such a network.
While no breach has been documented across such networks, experienced computer scientists are worried about the possibility of such a breach if these hackers are able to connect to the network during the transaction. Making a transaction with Ellipal, on the other hand, does not necessitate users connecting their wallets to any online device or entering any network. Transactions are done offline with its QR-Code feature, keeping the wallet cold at all times!
Another remarkable aspect is the lengthy and complicated setup process that users must go through in order to get their wallets up and running. Setting up your Ellipal wallet, on the other hand, takes just a few easy measures. While the Ledger wallet needs one to manually add each of the various cryptocurrencies, Ellipal automates this operation, making installation and setup faster than most other wallets.
When it comes to reliability, the Titan wallet is unrivalled, as it comes in a metal case that is both tamper and reassemble evidence. The majority of current wallets are made of plastic, making them vulnerable to cracks and breaks.
Conclusion
While making transactions, most cryptocurrency hardware wallets become hot, but Ellipal stays totally offline and cold. Crypto enthusiasts and beginners alike can use this wallet with ease thanks to its simple sign-up process. Because of its ability to perform transactions without connecting to a network, it is practically impossible to compromise the wallet's security.