Review on Bitcoin Core Client by Tomek Klys

Name: Bitcoin Core Client
Item: Bitcoin Core Client
Rating: 3

June 16, 2019

Bitcoincore the first wallet

The wallet has a significant level of security for it users
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Bitcoin Core wallet is compatible with Tor, an anonymizing service that can hide users’ IP address. It can also make it difficult for third parties to track down transaction details.
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All transactions carried out to and from any wallet on Bitcoin Core go through a large peer-to-peer network. As such, it is much harder to track individual users’ transactions than it would be on a lightweight peer-to-peer client.
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The wallet automatically generates a tree of keys for its users. Users can access this using a 12- or 24-word phrase based on the tree.
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Pros

Full user control over crypto funds
As a full node that validates transactions and relays them on the Bitcoin network, the wallet does not require third parties for transaction verification. Rather, you can verify your own transactions
Open source wallet with a deterministic design offers full transparency
Enhanced privacy thanks to the use of rotating addresses and the option to use Tor as a proxy to protect anonymity
Full control over fees by virtue of fee suggestions

Cons

Has limited features also Initial download takes a lot of time and data
Takes up a lot of space since it is a full Bitcoin client (over 140GB)
Requires a download capacity of 500MB per day or 15GB per month and an upload speed of 5GB per day to run Bitcoin Core
Users who have bandwidth restrictions from their internet service provider could face problems in running the client
Since the blockchain has known viruses, computer antivirus software might detect them and cause problems in running Bitcoin Core
Not easy to use, especially for beginners and non-techies
At present, Bitcoin Core wallet can only run on a laptop, desktop or ARM devices