Litecoin Developer Ports Electrum to Work With LTC
As many in the Bitcoin community know, Electrum is an extremely fast and lightweight bitcoin client. Unlike Bitcoin Core (formerly known as Bitcoin-QT) and other desktop clients, Electrum does not need to download the entire Bitcoin blockchain. Instead, the application relies on several public servers that make the wallet so fast and lightweight. Furthermore, Electrum protects users from accidentally losing coins by allowing wallets to be recovered from a secret phrase. However, the wallet exclusively supports bitcoin, leaving Litecoin users in the dark. At least, that was the case until a....
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Developer Neil Booth has created his own version of Electrum Server called Electrum X, which is 10 times faster and more efficient. A much faster version of Electrum Server is now available. The reimplementation of Electrum Server, called Electrum X is the creation of Neil Booth which he claims to be 10 times faster than the Electrum Server. The Electrum X Server codes are made available on GitHub under the MIT License. While the main server is built on Python 2, the new reimplementation makes use of much advanced Python 3.4 and still manages to work with the existing clients. By using....
CoinDirect is a Bitcoin service that allows merchants to accept Bitcoin in the true spirit of Bitcoin, with zero processing fees and zero fiat processing. CoinDirect uses Electrum, the first hierarchical deterministic Bitcoin wallet to operate. The news in the Bitcoin world is often focused on large names in the technology industry that have started accepting Bitcoin. Most of these companies sign up to accept Bitcoin through large Bitcoin payment processors such as Coinbase or BitPay. Large retailers that have started accepting Bitcoin in the last year include Dell, DISH, TigerDirect,....
Electrum, Bitcoin's popular lightweight wallet, launched a new version of its software this week. Apart from a desktop client, Electrum 2.6 is now available on Android as well, with an iOS version soon to come. At its heart, the mobile version of Electrum is no different from the available desktop version. The two are fully compatible as well; if the seed from one wallet is imported onto the other, all funds and transactions are synchronized. As such, users don't need to maintain two different balances on their desktop and mobile devices. “The main difference between existing Electrum....
The long-lasting block size dispute has catapulted into the center of attention again. One of the most talked-about developments is Segregated Witness, of which a public testnet iteration was launched last week. The innovation as recently proposed by Blockstream co-founder and Bitcoin Core developer Dr. Pieter Wuille is a centerpiece of a scalability “roadmap” set out by Bitcoin Core. To find out where the broader development community stands on Segregated Witness, Bitcoin Magazine reached out to library and wallet developers, those who will need to do the heavy lifting in order to utilize....
Electrum is arguably the most well known Hierarchical Deterministic (HD) wallet, fully implementing BIP0032. An HD wallet generates all Bitcoin addresses using a specific algorithm from a single seed. A seed is the starting point and can be anything. Further, as Electrum is a 'Type 2' HD wallet, the seed from which all key pairs are generated is presented to the user as a 12 word phrase using common English words. What all this amounts to is a so-called 'brain wallet' that provides particularly convenient back-up capabilities. A user can simply write down 12 plain English words. Then, if....