What is Electrum ?

Electrum Official Logo
Electrum Official Logo

The Electrum Bitcoin wallet is a software wallet. Electrum is a lightweight Bitcoin client, based on a client-server protocol. Although it’s not the most secure cryptocurrency storage solution around, the Electrum wallet offers users a very user-friendly solution for sending and receiving Bitcoin payments regularly. If you like to use cryptocurrency for online payments, then Electrum is perfect for keeping a small amount ready for use. Electrum is one of Bitcoin’s most popular wallets. It uniquely walks the fine line between beginner usability and expert functionality. Electrum’s focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase. This wallet gives you full control over your bitcoins. This means no third party can freeze or lose your funds. This wallet gives you full control over fees. This means that this wallet allows changing the fees after funds are sent using RBF or CPFP. This wallet also provides fee suggestions based on current network conditions so that your transactions are confirmed in a timely manner without paying more than you have to.

Original author – Thomas Voegtlin
Launch date
 – 5 November 2011
Website – electrum.org

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