Electrum

What is Electrum Wallet?

Electrum wallet is a special wallet for Bitcoin that has a simple and streamlined user interface. This Wallet is the most trusted wallet for people because it was the oldest Bitcoin wallet and was created in 2011.

Electrum wallet just supports Bitcoin and never patronages other digital currencies. This is true even for Bitcoin-dependent instances such as Bitcoin cache.

While there is no complete information on the number of these wallet users, But some sources estimate that by the end of 2021, 20% of all Bitcoin transactions will be made using Electrum.

What are the positive features of the Electrum Wallet?

As I say. Electrum is a type of software wallet. It mine have more security than online wallets and fewer than paper Wallet and hardware Wallets.

Cons and pros

Let review some cons and pros of Electrum wallet quickly

Pros

• It great for Bitcoin customers

• Strong password to prevent hacking

• No delay on updates

• Keep user information confidential

• Open-source software

• Free download

• Use instead of Multi-signature wallet

• Two-factor authentication

Cons

Although Electrum has a lot of security properties, it’s a hot Wallet. It min everything that affects a hot wallet applies to it. With these interpretations, hackers will be able to access it.

• Just support Bitcoin.

• Spending a lot of money to fix recently security problems.