Electrum provides the cloud - based enterprise payments platform used for bitcoin transactions.
A payment technology company named
Electrum provides the payments platform, with bitcoin exchange Luno providing the Bitcoin payment infrastructure.
Since there is no need to download the entire blockchain — currently over 60 GB in size and growing —
Electrum provides a very valuable alternative, especially for mobile devices.
While
Electrum provided the fitting cloud - based transaction system, the South African based blockchain startup Luno, provided the necessary blockchain infrastructure for the POS system.
Not exact matches
The
Electrum Personal Server
provides bitcoin users with increased efficiency, security and privacy.
According to a list
provided on the BitPay website, Copay, Mycelium and
Electrum wallets, along with Bitcoin Core, support Payment Protocol payments.
The following video
provides a tutorial of how to set up
Electrum and start using it.
Without getting overly technical, the
Electrum seed
provides essentially the same level of security as a bitcoin private key.