Electrum wallets are fast and lightweight. so the client never needs to download all blockchain , just headers for your blockchain . With an electrum client, users will be ready to send/receive coins within seconds of opening their client.
Features:
Instant On: The client does not need to download the blockchain.
Payment : you can use the wallet as a payment getway, this mean you can add your altcoin in any web service and accept your altcoin as a payment coin
Easy Backup/Recovery: Your wallet can be recovered from a seed phrase, making backup/restoration a painless process.
Safety & Privacy: Private keys are never sent to the server. Information sent by the node is verified using SPV.
Ubiquitous: You can use the same wallet on different computers, it will auto-synchronize.
Open: You can export your private keys into other Bitcoin clients.
Note: Electrum wallet is compatible with POS coins, however, coins held in electrum wallets are incapable of staking.
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