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Electrum bitcoin wallet ios app9/7/2023 Whoever has the keys can send your coins anywhere. If the private keys to your wallet fall into the wrong hands, it’s game over. From cold storage to multi-platform support to fast (and cheap) Lightning Network transfers, Electrum is up to the task. In this case, that one thing is Bitcoin storage and transfers, but Electrum anticipates nearly every need within this specialized use case. Like many open-source projects, Electrum does one thing and does it well. Fortunately, Electrum’s documentation is second to none, and in this case, the pros may outweigh the cons for most users. As a tradeoff, some of the features can be less than intuitive. The Lightning Network runs on top of the Bitcoin Network, processing transactions in an instant and at much lower costs.Įlectrum offers a powerful solution to the significant challenge of securing your Bitcoin stash.
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