Electron Cash

Name: Electron Cash
Rating: 4.5 (39 reviews)
Author: Electron Cash LLC

By: Electron Cash LLC App

The Bitcoin Cash SPV Wallet

Overview

Version:

4.2.5

Last updated: 2021-11-25

Ranking

#200,272 ▲ 20,293

Overall

Features & Capabilities

Electron Cash is a full-featured SPV wallet for Bitcoin Cash.

Electron Cash is "power user friendly". It allows users ultimate control over their bitcoins and over their private keys, and its user interface is friendly enough that it can be used by novices as well.

Electron Cash supports all the major features one would expect from a Bitcoin Cash wallet. It is the iOS port of the desktop app, which itself is derived from the Electrum wallet for Bitcoin. (So it has good lineage.)

With Electron Cash YOU control your keys -- and thus your bitcoins.

Control your own private keys.
Easily back up your wallet with a mnemonic seed phrase.
Enjoy high security without downloading the blockchain or running a full node.
BENEFITS -

SAFE - Your private keys are encrypted and never leave your device.

FORGIVING - Your funds can be recovered from a secret phrase.

INSTANT ON - Electron Cash is fast, because it uses servers that index the Bitcoin Cash blockchain.

NO LOCK-IN - You can export your private keys and use them in other Bitcoin Cash clients or wallets.

NO DOWNTIME - Electron Cash servers are decentralized and redundant. Your wallet is never down.

PROOF CHECKING - Electron Cash Wallet verifies all the transactions in your history using SPV.

COLD STORAGE - Keep your private keys offline, and go online with a watching-only wallet.

What is an SPV wallet?

SPV stands for Simplified Payment Verification. It was first described by Satoshi Nakamoto in the original Bitcoin whitepaper. This method allows a wallet to provide strong security without the need for downloading the blockchain or running a full node. SPV lets you validate your own transactions by ensuring they are confirmed in the blockchain. It uses the best header chain with the most cumulative proof of work and the correct hashing difficulty level. Electron Cash relies on a distributed network of servers which handle the heaviest part of blockchain operations. Your private keys sign transactions locally. They are never sent to the servers.