Electrum is a Bitcoin and Dash electronic wallet. The first version of the Electrum wallet was launched by Thomas Voegtlin in 2011. Thomas Voegtlin had been developing Electrum by himself until in 2015, when he announced that anyone interested can take part in its development. The Electrum Bitcoin wallet is a thin kind of wallet, which means that a user doesn’t need to download the entire history of the blockchain. Electrum has two-factor authentication, supports hardware wallets, offers desktop and mobile device applications and allows users to keep their private keys offline. According to the official website of Electrum, the program was developed for all users — from newbies to specialists. Electrum is a free piece of software. However, Electrum has fees for transactions that are noted on the official website.
"I let the pizza guy choose between $5 in fiat or BTC. Needless to say, he chose wisely," said the Redditor.
Bitcoin pizza all over again — delivery driver reportedly cashes in on $400 BTC tip
Three and a half years after the activation of SegWit, adoption of the space-saving transaction format is still far from ideal.
88% of all BTC transfers are overpaying transaction fees
Two new Bitcoin hacks have surfaced recently, showing the Electrum wallet still appears to be troubled by phishing efforts.
Electrum Bitcoin wallet still plagued by known crypto phishing attack
More details emerge concerning the ongoing Electrum hacks.
Another Electrum user is claiming that their coins were stolen
The hackers' identity may not be a mystery for much longer.
Hacker behind 1,400 BTC Electrum wallet theft transacted on Binance
Major Bitcoin wallet software Electrum will feature an in-house developed implementation of scalability solution Lightning Network in its next release.
Electrum Bitcoin Wallet to Support Lightning Network in Next Release
Thomas Voegtlin revealed the feature will come in an impending update at the ongoing BIP001 conference in Ukraine.
Electrum Will Support Bitcoin Lightning Network, Wallet’s Creator Reveals