Electrum: A different digital Bitcoin Wallet. - PowerPoint PPT Presentation

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Electrum: A different digital Bitcoin Wallet.

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.Each cryptocurrency needs a compatible wallet for it. Among such wallets is the Electrum Bitcoin wallet which is one of the safeWe normally store currency in a wallet. There are wallets where you can store your virtual coins when it comes to digital currency. While the aim remains the same, these wallets look and work differently fro and secure wallets preferred by the crypto users. – PowerPoint PPT presentation

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Title: Electrum: A different digital Bitcoin Wallet.


1
Electrum A different digital Bitcoin Wallet.
  • .Each cryptocurrency needs a compatible wallet
    for it. Among such wallets is the Electrum
    Bitcoin wallet which is one of the safeWe
    normally store currency in a wallet. There are
    wallets where you can store your virtual coins
    when it comes to digital currency. While the aim
    remains the same, these wallets look and work
    differently fro and secure wallets preferred by
    the crypto users.

2
What is an Electrum Wallet?
  • Electrum is a lightweight wallet that is designed
    to be easy to use while also maintaining a high
    level of security. Electrum is a client based
    wallet which means that in order to use it you
    need to download and install it on your computer.
    The Electrum wallet supports MacOS, Windows, and
    Linus operating systems.
  • The Electrum wallet was initially developed by
    Thomas Voegtlin in November 2011. Electrum is
    also developed to support hardware wallets such
    as TREZOR or Ledger. This means your private key
    will be stored safely offline on the hardware
    wallet.

3
Electrum Wallet Features
  • 1. Interface The user interface of the wallet is
    very much easy to use. There are three tabs at
    the top of the window which allow you to choose
    between send, receive and your transaction
    history. 
  • 2. Hardware Wallet Support The Electrum wallet
    also offers support for the hardware wallets. The
    Ledger Nano S and Ledger Nano X are the best
    hardware wallets to use with Electrum wallet.
  • 3. Cold Storage The Electrum wallet supports the
    storage of private keys offline. It has a
    watch-only mode for online users.
  • 4. Security Electrum is password protected and
    can also encrypt the private key on your hard
    drive. If the password is lost or the computer is
    destroyed, you can always recover your funds with
    the seed phrase.
  • 5. Customer Support Electrum has very extensive
    documentation online, as well as an active
    BitcoinTalk category where you can get your
    questions answered. 

4
Electrum Wallet Supported Currencies
  • The only supported cryptocurrency by the Electrum
    wallet is Bitcoin (BTC). There have been clones
    developed for Bitcoin Cash, Bitcoin Gold, and
    other coins, though.
  • Is Electrum Wallet safe?

5
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