Electrum wallet is a lightweight cryptonewsnavigator.com wallet built for individuals who want complete control over their Bitcoin without having to rely on centralized services.
It was launched in 2011 and only supports Bitcoin. Electrum wallet is a non-custodial Bitcoin wallet in which users store their private keys locally. It connects to decentralized servers instead of running a full Bitcoin node, which keeps the setup fast and resource-efficient.
Key features
Electrum is a secure platform for spending coins between several wallets.
Provides private keys to go online and watch the wallet.
Wallet does proof checking, verifying transaction history, and promoting security.
Facilitates decentralized applications with other Micropayments.
It uses servers to store the blockchain and Bitcoin, making it secure and encrypted.
Provides hardware wallets, Multi-Signature services, and other third-party plugins.