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January 01, 2014, 11:38:56 PM Last edit: January 01, 2014, 11:55:41 PM by tmullett |
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I'm using electrum, but just started. Like multibit, it doesn't require downloading the blockchain. I like the fact that Electrum generated a long passphrase, which I keep offline, that can be used to regenerate my keys if the wallet gets lost or trashed.
Any wallet that doesn't require that download/sync operation does need some other way of seeing your addresses on the blockchain to know about balances and confirmations. So things like Multibit and Electrum have to delegate that part to services somewhere that are nodes on the p2p network. The original bitcoin software is architecturally monolithic, containing the p2p node, miner and wallet manager all in one package. More recent developments decouple those things, which is architecturally more flexible (giving us the ability to have lightweight wallets for example) but a bit more complex, and complexity usually makes it things harder to secure.
Out of curiosity, for anyone who wants to answer, why is bitcoin-qt considered the most secure wallet?
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