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JINGYIL Posted
I first got into blockchain technology in 2017. That makes me an early adopter, but not necessarily an OG, like those that got in around the 2012 to 2013 era. That being said, I believe I have some wisdom to impart to those looking to upgrade their wallet security. A wallet such as this not only gives you control over your private keys, but stores private keys offline - hence the "air gapped" technology. That's not just a selling point, it's highly critical to do this. Even updating the firmware on the device is done offline through a sD card connected to your dock, which is connected to the wallet. This wallet also supports many different types of crypto as well as the newer address formats - unlike older wallets such as the one I transferred from - the Ledger Nano S. As an example, cryptos such as Litecoin now have the native segwit address format, which is not supported by older wallets. It is faster and cheaper transactions when you use these address types. Don't ask me to explain much beyond that, do your own research! At first, I was a bit overwhelmed with the transfer. Because when I imported my private keys, only one of my assets showed up initially. But that was because the older addresses were not compatible with the new wallet. So I transferred my coins from the older address is into the new ones that were created by the Ellipal. It was very cheap and fast to do so. Something to keep in mind when you do this is that those old addresses and assets contained by them will always be connected to this wallet even though they won't show up, as long as you are using the same seed phrase. You can check all of this on blockchain Explorer. Combine this with a faraday cage, and you are essentially collapse-proof, and although you may not have internet to use the blockchain in such a scenario, it will be there when services are restored.