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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 Cypherock X1?

Cypherock stands out as the premier hardware wallet globally, offering unparalleled protection against seed phrase vulnerabilities. Its innovative design decentralizes private keys, providing tenfold security improvements without the need for a backup seed phrase. The private key for your cryptocurrency is ingeniously split into five segments utilizing Shamir’s Secret Sharing technique. These segments are securely housed on the X1 vault and the four cards under your control, allowing for geographic distribution of the key parts. This unique setup enhances security while maintaining user convenience. For executing a crypto transaction, you need only to tap one of the four cards against the X1 vault to retrieve your key. This process ensures that you can maintain high-level security without compromising ease of access.

Media

Media

Integrations Supported

Bitcoin
BNB Smart Chain (BSC)
Bitamp
COLDCARD
Cointelli
Divly
Dogecoin
Ethereum
Keystone Wallet
Koinly
Lightning Network
Litecoin
Lydia Finance
Polygon (Matic)
Solana
Sparrow Wallet
Walletify
ZenLedger

Integrations Supported

Bitcoin
BNB Smart Chain (BSC)
Bitamp
COLDCARD
Cointelli
Divly
Dogecoin
Ethereum
Keystone Wallet
Koinly
Lightning Network
Litecoin
Lydia Finance
Polygon (Matic)
Solana
Sparrow Wallet
Walletify
ZenLedger

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$159
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

Cypherock

Date Founded

2019

Company Location

Singapore

Company Website

www.cypherock.com

Categories and Features

Categories and Features

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