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What is Electrum?

Since its inception in 2011, Electrum has emerged as a prominent Bitcoin wallet recognized for its rapid performance, robust security measures, and ease of use, appealing to a wide array of users. To enhance protection against malware, it provides two-factor authentication via Trustedcoin, thereby bolstering transaction security. Furthermore, being open-source software distributed under the MIT License, Electrum allows anyone to set up their own server, fostering a decentralized ecosystem that operates without a central authority. The wallet supports multiple hardware wallets, such as Ledger, Trezor, and KeepKey, ensuring that private keys are securely stored and encrypted on the user's device. In the unfortunate event of loss, users can conveniently recover their funds using a secret recovery phrase, providing peace of mind. Electrum's high efficiency is largely due to its servers that index the Bitcoin blockchain, facilitating quick transactions. Additionally, users can export their private keys for compatibility with other Bitcoin clients, while the decentralized nature of Electrum servers ensures continuous wallet accessibility. The Electrum Wallet also employs Simplified Payment Verification (SPV) to authenticate all transactions in the user's history, while offering options to keep private keys offline and use a watching-only wallet for enhanced security. Overall, Electrum blends powerful features with an intuitive design, making it an excellent option for Bitcoin enthusiasts seeking reliability and security in their digital transactions. With its commitment to user satisfaction, Electrum continues to evolve and adapt to the ever-changing landscape of cryptocurrency.

What is Bitcoin Core?

Bitcoin Core functions to identify the legitimate blockchain by validating transactions, with its users exclusively recognizing transactions from this particular blockchain, thereby making it the favored option for the entire Bitcoin community. The decentralized structure of the network is upheld by users running their own full nodes, all of which follow the same protocols to verify the blockchain's authenticity. This verification process operates without any voting or corruptible systems; rather, it utilizes individual software that enforces consistent mathematical rules to assess blocks and achieve a unified agreement on the valid blockchain. By confirming that all accepted blocks and transactions meet validation criteria, Bitcoin Core enhances user security while reducing the possibility of miners and financial institutions exerting undue influence over Bitcoin. Furthermore, Bitcoin Core incorporates distinct privacy features that can conceal the links between users and their transactions, thereby increasing user anonymity within the network. This collective commitment to uniform standards not only safeguards the integrity of the Bitcoin ecosystem but also fosters a trustless environment where participants can engage without fear of external manipulation. Ultimately, the combination of security, privacy, and decentralized consensus is what empowers the Bitcoin network to thrive.

Media

Media

Integrations Supported

Bitcoin
COLDCARD
Sparrow Wallet
Beats
Bitamp
Bitcoin Explorer
Cointelli
Divly
Fully Noded
Keystone Wallet
Koinly
Lightning Network
Lydia Finance
Phoenix Wallet
Walletify
ZenLedger
Zeus

Integrations Supported

Bitcoin
COLDCARD
Sparrow Wallet
Beats
Bitamp
Bitcoin Explorer
Cointelli
Divly
Fully Noded
Keystone Wallet
Koinly
Lightning Network
Lydia Finance
Phoenix Wallet
Walletify
ZenLedger
Zeus

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Electrum

Date Founded

2011

Company Website

electrum.org

Company Facts

Organization Name

Bitcoin Core

Company Website

bitcoin.org/en/bitcoin-core/

Categories and Features

Categories and Features

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