)submitted by π Rendered by PID 14068 on app-255 at 2017-06-24 12:22:05.323698+00:00 running 3522178 country code: SG.Perhaps one of the oldest players in the Bitcoin wallet market is Electrum.Created in November 2011 by Thomas Voegtlin it has since been modified by various developers (the code is open source).Electrum is a client based wallet – meaning it’s software you download and run from your computer.It’s only available for desktop computers at the moment and you can download it here.Electrum prides itself on the following benefits: Fast – the client does not download the blockchain, it requests that information from a server.No delays, always up-to-date.Safe – Your private keys are encrypted and never leave your computer.Your wallet can be recovered from a secret phrase.You can also keep your private keys offline, and go online with a watching-only wallet.Private – Your private keys are not shared with the server.You do not have to trust the server with your money.

Your private keys are encrypted and never leave your computer.The server does not store user accounts.bitcoin client x64You are not tied to a particular server, and the server does not need to know you.bitcoin income kitAlso another great benefit of Electrum is that it can be used with TREZOR or Ledger so you can send Bitcoins from your cold storage device as well.bbc click bitcoinMany Redditors also consider Electrum to be the best wallet hands down for a desktop computer.bitcoin dropping like a rockBut today I want to take a look at Electrum from a newbie’s point of view since it always seemed to me that the wallet is too complex.litecoin mining list

Keep in mind that I have never used Electrum before this post and I will be learning how to use it as I go.bitcoin oakland caAt first glance when you land on Electrum’s homepage the site looks pretty clean and understandable.receive sms online bitcoinHowever I’m still a bit deterred from screenshots like the one shown below as a newbie: Just seems to be too technical (IMO).best litecoin mining pool to joinHowever this is a huge leap from how the homepage used to look.bitcoin bull bearOnce I click “download” I get the option to choose between “easy installation” and other more advanced installs (e.g.python installations and developer installations).This is really good since I know exactly where to go.

The install process is pretty simple and straight forward.It also has the option to work with the hardware wallets I’ve stated above.Setting up the wallets take a little more than a minute.The user interface of the actual wallet is pretty straight forward.You have different tabs at the top which allow you to choose between “send”, “receive” and other wallet related options.On the bottom you have the system settings such as changing your password, network connectivity status and also a “lite” mode where you can only quick send Bitcoins to people.All in all it’s pretty simple.My only concern is that for a newbie this wallet may still be confusing as it focuses on functionality and not user experience.Meaning, if I know nothing about Bitcoin and download this wallet I will not know what any of the stuff here means.Adding short tool tips to the wallet may help clear out the different fields or even a beginners tutorial to Bitcoin.Electrum does have very extensive documentation about the wallet and also an active BitcoinTalk category where you can get your questions answered.

However, like so many other wallets out there they are focused only on functionality and not on what is known as ” customer onboarding”.Customer onboarding is the process of increasing the likelihood that new users become successful when adopting your product.There is a great website that shows different examples of such processes in well known companies.But I guess that’s the price you usually pay for creating a non profit piece of software.People concentrate only on usability, and unfortunately that is what hinders the wallet in the end.To sum things up – Electrum is a great fast, secure and stable wallet, however it does not suit beginners.The wallet has seem to come a long way since it first started out and it also gained massive trust in the Bitcoin reddit community.So if you know a little bit about Bitcoin this is definitely a good choice.About Latest Posts Latest posts by Ofir Beigel (see all) [Review] Changelly VS ShapeShift– The “Instant” Cryptocurrency exchanges “Bitcoin and Ethereum…both soon obsolete” – James Ricakrds | $2623.69 “Why Bitcoin Can’t Serve As A Currency” – Seeking Alpha | $2345.56 Electrum wallet Ease of use Privacy Safety Beginner Friendly Pros Vert fast Good safety features Privacy is kept Cons Not beginner friendly

)submitted by π Rendered by PID 13504 on app-521 at 2017-06-24 12:22:12.632974+00:00 running 3522178 country code: SG.Home » Bitcoin , Blockchain , Digital Currency , Emanuel Macron , Fintech , French President , Marine Le Pen » Bitcoin Rallies to Record Highs After "Pro-Blockchain" Macron Wins French Election On Monday, the exchange rate of Bitcoin jumped above the $1600.00 mark for the 4th time since the beginning of May.The digital currency was trading mostly under $1550 over the weekend, but a photo posted on various social media sites of newly elected French President Emmanuel Macron holding a Ledger Blue - a device for managing various digital currencies, manufactured by Paris-based Ledger - sparked a rally on Sunday evening.The French President holding a Ledger Blue, showing his love for Bitcoin from Bitcoin Although the photograph was taken in March of last year, according to CCN news, at an event sponsored by Cap Digital - a French non-profit organization focused on developing the digital/fintech industry in France - its popularity on sites like Reddit, where it received more than 1500 upvotes over the past 24h, had a sizable impact on Bitcoin’s price.

EDT on Monday, the BTC/USD rate on Luxembourg-based exchange Bitstamp had risen from $1525 to a new all-time high of $1642.00!While on Hong Kong-based exchange Bitfinex, the world’s most valuable cryptocurrency was trading as high as $1715.00 on Monday afternoon.President Macron has not made any direct statements that endorse or approving any digital currency in the past, but he has previously shown interest towards this rapidly-growing industry.In an interview with French news outlet Le Figaro in March of this year, Macron explained how blockchain technology could be applied in the French securities markets.While France’s new president has yet to reveal his views on cryptocurrencies, and how they fit within existing financial regulations, the election of Emmanuel Macron is widely viewed within the digital currency community as a big net positive for the French fintech sector.National Front party leader Marine Le Pen, who lost the election by getting only 33.9 percent of the French vote, has a much more hostile stance towards cryptocurrencies, “The National Front, well anchored in the real economy, recalls that a currency is a national public good entrusted to the sovereign people.