Electrum is a desktop-based software wallet for Bitcoin that provides secure storage of private keys and allows users to send and receive Bitcoin transactions. It features advanced security options such as multi-signature support, hardware wallet integration, and seed phrases for backup and recovery. Electrum is open-source and compatible with major operating systems.
- Main Features of Electrum
- Secure storage of private keys
- Multi-signature support
- Hardware wallet integration
- Seed phrases for backup and recovery
- Pros of Electrum
- Advanced security options
- Open-source
- Compatibility with major operating systems
- Fast transaction speeds
- Cons of Electrum
- Limited cryptocurrency support
