electrum wallet

[jetxsz017]

What is electrum wallet?

How it works?

Is that wallet like blockchain wallet?

[Bitcoinpro]

it uses 3rd party nodes connected to a full node (fully down loaded blockchain)

so its a lite client and u don't have to download the blockchain, its got a good

reputation as a wallet

[mr angry]

Download it and try it out for yourself.

http://electrum.org/

You can read all about it at the Bitcoin wiki which gives a quick explanation of its main features.

https://en.bitcoin.it/wiki/Electrum

Electrum is a lightweight Bitcoin client, based on a client-server protocol. It was released on november 5, 2011.



Main features:

Encrypted wallet: the file that contains your bitcoins is protected with a password. You are protected from thieves.

Deterministic key generation: If you lose your wallet, you can recover it from its seed. You are protected from your own mistakes.

Instant on: the client does not download the blockchain, it requests that information from a server. No delays, always up-to-date.

Transactions are signed locally: Your private keys are not shared with the server. You do not have to trust the server with your money.

Freedom and Privacy: The server does not store user accounts. You are not tied to a particular server, and the server does not need to know you. You can export your private keys.

No scripts: Electrum does not download any script. A compromised server cannot send you arbitrary code and steal your bitcoins.

No single point of failure: The server code is open source, anyone can run a server.

Firewall friendly: The client does not need to open a port, it simply polls the server for updates.

Free software: Gnu GPL v3. Anyone can audit the code.

Written in Python. The code is short, and easy to review.

Support for Bitcoin URIs, signed URIs and Bitcoin aliases

[Boosterious]

Download it and try it out for yourself.

http://electrum.org/

You can read all about it at the Bitcoin wiki which gives a quick explanation of its main features.

https://en.bitcoin.it/wiki/Electrum

Electrum is a lightweight Bitcoin client, based on a client-server protocol. It was released on november 5, 2011.



Main features:

Encrypted wallet: the file that contains your bitcoins is protected with a password. You are protected from thieves.

Deterministic key generation: If you lose your wallet, you can recover it from its seed. You are protected from your own mistakes.

Instant on: the client does not download the blockchain, it requests that information from a server. No delays, always up-to-date.

Transactions are signed locally: Your private keys are not shared with the server. You do not have to trust the server with your money.

Freedom and Privacy: The server does not store user accounts. You are not tied to a particular server, and the server does not need to know you. You can export your private keys.

No scripts: Electrum does not download any script. A compromised server cannot send you arbitrary code and steal your bitcoins.

No single point of failure: The server code is open source, anyone can run a server.

Firewall friendly: The client does not need to open a port, it simply polls the server for updates.

Free software: Gnu GPL v3. Anyone can audit the code.

Written in Python. The code is short, and easy to review.

Support for Bitcoin URIs, signed URIs and Bitcoin aliases

a good wallet and good reputable,but i think newbie should not use this wallet for now,because they wan't getting hard to understand to use this wallet,i suggest them to use online wallet like blockchain or coinbase.

[jambola2]

a good wallet and good reputable,but i think newbie should not use this wallet for now,because they wan't getting hard to understand to use this wallet,i suggest them to use online wallet like blockchain or coinbase.

Online wallets like coinbase are very very dangerous for any significant sum of BTC. Blockchain.info atleast claims that they don't have full access to your wallet, and is somewhat better.

Electrum or another offline wallet (Core, Multibit, Armory, etc.) is necessary for anybody who cares about losing their BTC.

What is electrum wallet?

How it works?

Is that wallet like blockchain wallet?

Yes, it is easy to use, light and works like a normal wallet for most cases.

[darewaller]

Electrum wallet is pretty much like what a bitcoin cold wallet is, except it has a different name.
You can check out their site
http://electrum.org/ and easily see and try it for yourself.

[twister]

a good wallet and good reputable,but i think newbie should not use this wallet for now,because they wan't getting hard to understand to use this wallet,i suggest them to use online wallet like blockchain or coinbase.

What's hard to understand? the most basic thing to do before sending anything to the wallet is jot down your SEED somewhere safe, that's it, as long as you have that your coins are safe. But OP just make sure that your system is clean from viruses/malwares/keyloggers.

[NUFCrichard]

But why can't we use a Yubikey with Electrum?
I use 2FA on everything to do with Bitcoin, but I feel like that is more of a pain, and more likely to be lost or stolen than a YubiKey would.

I'd be interested to know if there is a good reason!