What is Electrum wallet?

Electrum is one of the earliest Bitcoin wallets, having been introduced near the end of 2011. It is a lightweight, no frills wallet that’s designed to be easy to use while also maintaining a high level of security.

How does electrum work?

Your private keys are encrypted and never leave your computer. Your funds can be recovered from a secret phrase. Electrum is fast, because it uses servers that index the Bitcoin blockchain. You can export your private keys and use them in other Bitcoin clients. Electrum servers are decentralized and redundant.

Does electrum support other coins?

Since its inception in 2011, Electrum has only ever supported Bitcoin and it’s likely to stay that way for the foreseeable future. If any other coins were ever to be supported the most likely candidates would be Bitcoin Cash or Litecoin, which run on code similar to Bitcoin’s. Backing up an Electrum wallet is simple.

How does electron cash work?

Your private keys are encrypted and never leave your computer. Your funds can be recovered from a secret phrase. Electron Cash is fast, because it uses servers that index the Bitcoin Cash blockchain. You can export your private keys and use them in other Bitcoin Cash clients. Electron Cash servers are decentralized and redundant.