Electrum: Difference between revisions

Revision as of 12:15, 20 February 2012

Electrum is a lightweight Bitcoin client, based on a client-server protocol. It was released on november 5, 2011.

Encrypted wallet
Deterministic key generation. If you lose your wallet, you can recover it from its passphrase.
No blockchain download; the client requests that information from a server
Private keys are not shared with the server.
Firewall friendly: The client does not need to open a port, it simply polls the server for updates.
No single point of failure: The server code is open source, anyone can run a server.
Python. Very compact code, easy to contribute.

Electrum uses a type 2 deterministic key generation algorithm. This means that all the keys are derived from a seed.

Electrum makes it easy to memorize its seed, because it uses a mnemonic code.

Example:

hexadecimal: 8a44dfd6ad4f687b5e3c80563c327027
mnemonic: "shade weave eternity kept true tangle new talk clay warmth fish match"

@@ Line 10: / Line 10: @@
 * No single point of failure: The server code is open source, anyone can run a server.
 * Python. Very compact code, easy to contribute.
+===Brain Wallet===
+Electrum uses a type 2 deterministic key generation algorithm.
+This means that all the keys are derived from a seed.
+Electrum makes it easy to memorize its seed, because it uses a mnemonic code.
+Example:
+*hexadecimal: 8a44dfd6ad4f687b5e3c80563c327027
+*mnemonic: "shade weave eternity kept true tangle new talk clay warmth fish match"
 ===Screenshot===
 [[Image:Capture-Electrum.png]]