Overview
Electrum Wallet is a lightweight, non-custodial Bitcoin desktop wallet known for its speed, reliability, and advanced features. Its lightweight architecture uses Simple Payment Verification (SPV) to validate transactions without downloading the entire blockchain. Electrum is favored by Bitcoin power users who value security and customization.
Pros
– Over a decade of reliability in the crypto space
– Lightweight and Fast thanks to SPV technology
– Multi-signature support and hardware wallet compatibility enhance security.
– Users can manually set transaction fees to prioritize speed or cost-efficiency.
– Open source code allows for transparent and community-audited codebase
Cons
– Bitcoin-only
– Not beginner-friendly due to dvanced features and technical interface
– While a mobile app exists, it lacks the full feature set of the desktop version.
– Outdated UI design