Bitcoin

Electrum bitcoin safe

Dash Electrum is an easy-to-use Dash client based on Electrum. Dash Electrum protects electrum bitcoin safe from losing coins if you lose your backup or suffer computer failure, because your wallet can be recovered from a secret phrase that can be written down on paper or learnt by heart. There is no waiting time when you start the client, because it does not download the Dash blockchain.

You can export your private keys and use them in other Dash clients. Your wallet can be recovered from a secret seed. You can have secure offline wallets and still safely spend from an online computer. You can export your private keys to other Dash clients. You can use the same wallet on different computers, it will auto-synchronize. Electrum-Dash uses a 128-bit random seed to generate your private keys. The seed can be represented as a 12-word mnemonic code.

You do not need to perform regular backups, because your wallet can be recovered from the seed that you can memorize or write on paper. What is the gap limit? The gap limit is the maximum number of consecutive unused addresses in your deterministic sequence of addresses. Electrum-Dash uses a gap limit to stop looking for addresses, it is set to 5 by default, so the client get all addresses until 5 unused addresses are found. What does it mean to “freeze” an address? When you freeze an address, the funds in that address will not be used for sending Dash.

You cannot send Dash if you don’t have enough funds in non-frozen addresses. Where is my wallet file located? Dash is a privacy-centric digital currency with instant transactions. It is based on the Bitcoin software, but it has a two tier network that improves it.

Dash allows you to remain anonymous while you make transactions, similar to cash. Which are the best bitcoin wallets? Learn how to use hot vs cold storage. Tips for hot vs cold storage.

Related posts