Electrum github

Is Electrum only for Bitcoin?

Cons Explained. Supports Bitcoin only: Users can only store Bitcoin on Electrum.

Is Electrum a safe wallet?

Despite security breaches in the past, Electrum is considered one of the safest ways to store your Bitcoin. Electrum uses highly secure encryption methods to secure the private keys of its users' wallets. The seed used to generate private keys to Electrum wallets is highly secure, as well.

Is Electrum free to use?

Electrum is free software. Released under the MIT License. Anyone can run an Electrum server.

What is an Electrum wallet?

Established in 2011, Electrum is one of the market's most popular Bitcoin wallets offered for free. It is an easy, secure, and lightweight wallet to store Bitcoin safely.

Is Electrum a hot wallet?

Although it features lots of extra security features, Electrum is still a hot wallet.

Can I use Electrum for ethereum?

Doesn't support Ethereum or other altcoins

For example, Electrum doesn't support Ethereum — or any other altcoins. If you need a wallet for ETH and other cryptos, you can consider Trust Wallet, MetaMask, or Coinbase Wallet.

Does Electrum charge a fee?

Does Electrum charge a fee? Electrum wallet charges a transaction fee of around 0.7sat/byte. This fee can be reduced to 0.1sat/byte in some cases.

What is the safest Bitcoin wallet?

We chose Trezor as best for security because it comes with the strongest security features and track record of any reviewed hardware wallet. Trezor, like Ledger, is a name synonymous with crypto cold wallet storage.

Is Electrum a cold wallet?

Electrum supports offline signing enabling you to spend your bitcoin without taking the cold storage device online.

Who owns Electrum?

Electrum is a Bitcoin client, protecting its users from losing coins in a backup mistake or computer failure, because their wallet can be recovered from a secret phrase that users can write on paper or learn by heart. It was launched in 2011 by Thomas Voegtlin.

Why is my Electrum fee so high?

The number of inputs and outputs determines the size of your transaction. If you regularly received small amounts of money from faucets or mining pools in the past your transaction would be very large because of the large number inputs so you would pay a relatively high fee.

Can you withdraw from Electrum?

Of course you can. But remember, your coins are safer in your electrum wallet ! Just use exchanges to swap, then withdraw !

Why is it called Electrum?

Etymology. The name "electrum" is the Latinized form of the Greek word ἤλεκτρον (ḗlektron), mentioned in the Odyssey referring to a metallic substance consisting of gold alloyed with silver. The same word was also used for the substance amber, likely because of the pale yellow color of certain varieties.

Is Electrum safer than Exodus?

Trust and security are also extremely important factors to consider when it comes to choosing a cryptocurrency software wallet. Since Exodus has portions of it that are closed source, Electrum should definitely be the preferred wallet of choice for someone who is extra concerned about trust and security.

What is Electrum used for today?

Electrum Uses

Electrum has been used as currency, to make jewelry and ornaments, for drinking vessels, and as an exterior coating for pyramids and obelisks.

Does Electrum do litecoin?

Electrum-LTC is a simple, but powerful Litecoin wallet. A unique secret phrase (or “seed”) leaves intruders stranded and your peace of mind intact. Keep it on paper, or in your head... and never worry about losing your litecoins to theft or hardware failure.

Has Electrum ever been hacked?

Nearly two months after the campaign first came to light, Coinbase blockchain security engineer Peter Kacherginsky has offered fresh insight into the attack against Electrum, and how criminals were able to exploit the network's trust model in order to flood it with malicious servers.

Can Electrum be used in jewelry?

Electrum is not so great as it's a bit softer than gold alloys of a similar value, so it should only be used for wedding bands, not solitaire engagement rings.

Why is it called electrum?

Is electrum a real thing?

electrum, natural or artificial alloy of gold with at least 20 percent silver, which was used to make the first known coins in the Western world. Most natural electrum contains copper, iron, palladium, bismuth, and perhaps other metals.

Who used electrum?

Electrum was found in riverbeds in nugget form and used in the very first coins ever produced in Lydia. This was around 600 BCE - during the reign of King Alyattes. Electrum was also used for jewelry and trinkets. The ancient Egyptians even used it for coating their pyramids and obelisks.

Is Electrum a cold wallet?

Electrum supports offline signing enabling you to spend your bitcoin without taking the cold storage device online.

Does Electrum charge a fee?

Does Electrum charge a fee? Electrum wallet charges a transaction fee of around 0.7sat/byte. This fee can be reduced to 0.1sat/byte in some cases.

Can Electrum hold Bitcoin cash?

Electron Cash wallet launches

BCC is Bitcoin Cash (BCH). The Electron Cash wallet launches automatically once encrypted. You should see the same pre-fork number of Bitcoin Cash (BCH) coins in your Electron Cash wallet that you see in your Electrum (BTC) wallet.