How Does The Ellipal Titan Work? - Comparewise
How Does The Ellipal Titan Work?

How Does The Ellipal Titan Work?

Anyone who comes across the unique Ellipal Titan wallet or purchases one will always have the question, “How does the Ellipal Titan work?”

The Ellipal Titan works through a QR code connection with the Ellipal mobile app. As this hardware wallet stores a user’s private keys, it must be connected to the Ellipal mobile app for any transaction.

When connected to the mobile app, users can check their balance, send and receive cryptocurrency, stake coins, and do other things.

This article will answer the question, “How does the Ellipal Titan work?” and teach you other important things.

How does the Ellipal Titan work?

When you learn about the Ellipal Titan, it’s only natural to ask, “How does the Ellipal Titan work?” The Ellipal Titan can be used as a cryptocurrency wallet once a user creates an account in the Ellipal mobile app.

This is cold storage that keeps their keys isolated from the outside world and safe from all hacking attempts.

The Ellipal mobile app must be synchronized to the Ellipal Titan when conducting a transaction. That’s because it’s the Titan that holds the cryptocurrency that’ll be traded.

This way, the users get a safe environment for carrying out any blockchain operation like checking balances, sending cryptocurrency, receiving cryptocurrency, etc.

Another important factor worth noting regarding the question “How does the Ellipal Titan work?” is its dependence on QR codes. This is the method through which it connects with the Ellipal mobile app and the method through which it signs every successful transaction.

How to update Ellipal Titan

Contrary to how things work with other hardware wallets, you’ll need to understand how to update Ellipal Titan if you own this device. That’s because an update is the only way to get your device to support any new coins the Ellipal team has added. Like everything regarding this device, updating the Ellipal Titan is easy, and we’ll show you how.

  1. Before you start the update, you’ll need to check the firmware version of your Ellipal Titan. That’s because the preinstalled firmware for this crypto wallet varies depending on when it was purchased. The newest update may already be running on your gadget.
  2. To check the firmware version of your device, click the settings icon on your Ellipal Titan. Select the “About” icon, and you’ll see the firmware version of your device.
  3. The next step is to visit Ellipal’s website and determine what kind of update is currently available. If it is a newer version than the one you are currently using, you can obtain it.
  4. This .zip file must be downloaded onto a memory card. Take note that you’ll need to format the SD card to FAT32. Your chosen memory cannot be more than 32GB for it to be supported.
  5. Power off your Ellipal Titan and plug in its charging adapter. An SD card slot should be located at the bottom of the adaptor. Put the SD card here, and make sure it fits well.
  6. Connect the adapter to a power source via a USB cord.
  7. Power it on once you’re confident that the Ellipal Titan is charging.
  8. Click the “Settings” icon on the hardware wallet and click on “Update.” This will automatically extract the update from the SD card, a 20-minute process. During this period, ensure the adapter doesn’t disconnect from the Ellipal Titan.
  9. After the extraction is complete, a new pop-up will appear with the option “Start Update.” Click on it to start the update process.
  10. The Ellipal Titan update process takes 5 minutes or more to complete. When it’s done, you can check your firmware version to confirm the update succeeded.
how does the ellipal titan work - comparewise

Why should you go for the Ellipal Titan?

After seeing the answer to the question, “How does the Ellipal Titan Work?” you might want one. You can use the points in this section to consider whether it’s worth it.

Supports Numerous Cryptocurrencies

The Ellipal Titan supports up to 10,000 tokens, 20 blockchains, and all ERC20 tokens. This is quite a lot for any hardware wallet and more than what other wallets, like the Ledger Nano X, hold.

Air-Gapped Security

This hardware wallet employs air-gapped security measures, meaning it doesn’t connect to the internet in any way. Since it’s completely offline, the risk of internet hackers is eliminated.

Supports Cold Staking

Staking on the blockchain requires traders to submit their cryptocurrencies to lock their coins. Typically, this requires them to surrender the coins to the mercies of that blockchain network, but Ellipal Titan prevents that. With Ellipal Titan, users lock their coins on the wallet, keeping them safe while earning from the staked coins.

How does the Ellipal Titan work conclusion

With the answer to the question “How does the Ellipal Titan Work?” you’ll confirm that this wallet values security.

Even though it’s offline, all connections to the hardware wallet are made through QR codes, which is another airtight security process. Updating this hardware wallet is a necessity, and the process is simple with the guide above.

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FAQs about how does the Ellipal Titan work

Does Ellipal support Shiba Inu?

Yes, Ellipal supports Shiba Inu. However, it only allows users to store this coin and doesn't allow them to stake, buy, or swap it. Canadians interested in swapping, storing, or buying a meme coin using Ellipal can consider Dogecoin.

Can I check my cryptocurrency balance with the Ellipal Titan?

No, you cannot check your cryptocurrency balance with the Ellipal Titan, as it's a device that doesn't connect to the internet. You'll have to connect your Ellipal mobile app to the Ellipal Titan to check your balance. Since the Titan has your private key, you must access it to view your account information on the mobile app.

How does the Ellipal Titan tamper-proof security feature work?

The Ellipal Titan is a hardware wallet sealed in a waterproof and dust-resistant metal container to counter physical hacks. So, there’s no way anyone can open the device without leaving any lasting damage. If anyone tries to forcibly open the device, the system automatically deletes itself and all the keys, protecting all user information.

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July 23, 2023
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