Review on Electrum Wallet by Fanuel PORPORTY
Electrum is an excellent wallet, fast, secure and stable, but it is not suitable for beginners. The wallet enjoys massive support from the Bitcoin community and is extremely rich in functionality.
Electrum is a feature-rich but not very user-friendly Bitcoin desktop wallet. If you're just starting out, I recommend avoiding Electrum, but if you already know the basic terms, it's a great choice.
Created in 2011 by Thomas Voegtlin, Electrum has since been modified by different developers (the code is open source). Electrum is a client wallet - which means that to use it you have to download and install it on your computer. The client is only available for the office, which is a major drawback for users who want to use their mobile as a wallet.
Electrum is proud to be fast, safe and private. Your private keys are encrypted and never leave your computer. Your wallet can be retrieved from a passphrase (also known as a source phrase). Your private key is also not shared with the server connecting Electrum to the Bitcoin network. The server does not store user accounts.
Pros
- Vert fast
- Good safety features
- Privacy is kept
Cons
- Not beginner friendly
