That’s why make sure that you have an updated version of the platform. Those who develop the bitcoin wallet continue to create means of solving the phishing problem and correct mistakes in the code. The latest version of Electrum Wallet is 3.3.4. If you have any questions, send them on, IRC, or Github. Keep in mind that you cannot get support on Twitter. If you want to stay up-to-date and be informed about new releases, implementations, or progress made in solving phishing issues, start following the Electrum Wallet Twitter page. Since the Electrum wallet was launched in 2011, the designers have implemented lots of different features (including hardware support) that make the wallet more secure and prevent users from hacker attacks. In version 4.0.2, Electrum Wallet providers introduced a watchtower system that helps to prevent users from fraud and suspicious activity to make the Lightning Network more secure. The long-awaited release took so much time as the providers of the wallet decided to write a completely new implementation of the protocol rather than use a popular version. He announced that Electrum customers had become able to make payments using the Lightning network, an additional layer added to Bitcoin’s blockchain enabling participants to conduct bitcoin transactions without fees and delays. In the summer of 2019, Thomas introduced one of the biggest upgrades in the wallet. Even when there were only two developers in the company, it received contributions from hundreds of people. Thomas realized that his interest in Bitcoin was much stronger than in his research, and that’s why he made up his mind to create the Electrum company and become an entrepreneur. However, later, he decided to distribute binaries himself and reveal his name to eliminate the risks of building malware by other editors and gain trust. Voegtlin started Electrum without revealing his identity as anonymity was an essential factor that prevented corruption. For the founder, it was crucial to creating an open-source server code so that various experts in crypto development could modify it and implement new effective technologies. Electrum is a product of his experimentation work. Still, his desire to create a wallet that would cater to all users’ needs made him drop his original topic of research and come up with ideas implemented in his best-known creation. Voegtlin originally was a researcher in computer science. The founder of the wallet, Thomas Voegtlin, was an innovator in the Bitcoin world. A Bit of Historyīefore you learn about the features and options of this bitcoin wallet, it is better to get acquainted with the history of the Electrum platform and trace the development of this crypto server till the present moment.Įlectrum is one of the oldest software (a.k.a desktop) wallets on the market, introduced at the end of 2011. You will learn about its pros and cons, history, installation procedure, mechanisms of its work, and other relevant issues. In this wallet review, we provide detailed information about the platform that has an established reputation on the Bitcoin wallet market – Electrum Wallet. One way to find a reliable server is to search for the most popular wallets that have a large customer database. That’s why we are going to help cryptocurrency traders and investors realize what systems they can trust. Apart from reliable and safe crypto wallets, users may also encounter deceitful and fake trading systems. They are also notorious for their price volatility and lack of inherent value. However, besides all the aforementioned perks, cryptocurrency systems have their own pitfalls: their independence means insecurity and lack of control. Among the most popular cryptocurrencies are Bitcoin, Ethereum, Bitcoin Coin, Bitcoin Cash, Tether, Cardano, etc. There are plenty of various reasons: cryptocurrency and bitcoin in particular is profitable, independent (decentralized), easy to use, safe, customer-friendly, and promising. However, they might still wonder why people discard official government currencies and traditional payment options in favor of bitcoin and other cryptocurrency transactions and services. Most people know what the terms “bitcoin” and “cryptocurrency” mean. Cryptocurrency platforms are constantly developing and gaining more and more popularity at the moment.
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