Review on Electron Cash Wallet by Kehinde Oluwakemi
Electron cash wallet a Bitcoin wallet that supports Bitcoin only.
Electron cash is a cryptocurrency wallet that was created for Bitcoin only, it was branched from Bitcoin wallet and Bitcoin Network. It is the only wallet that uses cash shuffle
Electron cash has mobile version and Desktop version, the mobile version use Android and iOS which is available for download on Google play and Apple store. While the Desktop version use Windows, Mac os, Linus and it is available on the wallet official website
To use Electron cash wallet it requires Network fee, and to get transaction confirm fast users will pay higher fee because miners prioritize higher transaction
Electron cash wallet make use of cold storage, multi-signature, 2 Factor Authentication, simplified payment verification and newly introduced Cash shuffle to ensure users Assets
Pros
- The private keys are coded and safe on users device.
- It easy to recover funds with the secret phrase
- It fast because the server is on index Bitcoin blockchain.
- It use cash shuffle for security purpose.
Cons
- It not easy to setup
- It will take time for new traders to get use to it.
- It also support only Bitcoin which may prevent investors using it.
