Electrum also has a highly secure seed, which is the random phrase that is used to generate your private keys.
Not exact matches
Electrum Servers are
also more RAM and CPU intensive than full nodes, and are not made to be turned on and off efficiently.
Electrum servers
also store records of every address ever used on the Bitcoin network, which, as user - base increases, poses a hindrance to scalability.
You can
also use
Electrum with most hardware wallets, which allows to increase security level even for not technically advanced users.
A «watching only» version can
also be created for monitoring the Bitcoin transactions on your smartphone if you are already using the desktop
Electrum version.
Electrum is
also known for being a fast and lightweight desktop app, as the client doesn't actually download the blockchain but accesses the necessary information from remote servers.
You can find the official Vertcoin wallet here, although a range of other wallets, such as
Electrum and Coinomi, can
also support it, as can hardware wallets like the Ledger Nano S.
Electrum - LTC for Android will
also have SPV, keeping an indexed copy of the blockchain on
Electrum's servers.
Your
Electrum wallet can
also receive bitcoin payments.
This average would
also be compatible with SPV clients such as
Electrum since the price is included in the block header.
They are
also compatible with a wide range of other interfaces, including BitGo, Copay,
Electrum, GreenBits, Mycelium, or MyEtherWallet, and are open source so anyone can build their own applications.
There is
also an option to sign and broadcast transaction, click sign then broadcast, but if you have a password
Electrum will demand it.
Bitcoin core and
Electrum still remain to be the most popularly used cryptocurrency wallets but to counter some of their shortcomings, many new wallets have
also come up.
And while unauthorized mining operations are taking aim at servers,
Electrum digital wallets used to access cryptocurrency are
also at risk and were patched on Jan. 7.
Stratis
Electrum Wallet is
also a lightweight desktop wallet which doesn't download the blockchain, and it is easy to set up and use in everyday transactions.
This can be done using a replacement Ledger wallet, but the process
also works on alternative BIP39 wallets like
Electrum.
Electrum - LTC is a lighter (SPV, or Simpler Payment Verification) version,
also for desktop.
The
Electrum developer
also touched on the similarities between the Bitcoin and Litecoin codebases.