I`m trying to pick either Multibit or Electrum.
Anyone using these, tell me the difference or which ones more user appeal.
Thanks!
Edit: I use a Mac
Anyone using these, tell me the difference or which ones more user appeal.
Thanks!
Edit: I use a Mac
Let me list the differences and you can then decide based on that:
Electrum
- Deterministic so you can make one backup and it is good for life.
- Minimalistic interface
- Multiple wallets are opened in separate windows.
- Sends change to a new address. Good for privacy.
- Relies on external servers run by volunteers for transaction data and to broadcast send transactions. This is not good for privacy because those external servers can see all your addresses and transactions (they cannot see your private key though)
Multibit (classic)
- Uses bloom filters for transaction data rather than centralized servers. Better for privacy than Electrum in this regard.
- Not deterministic. You have to create fresh backups each time you generate a new receive address.
- Reuses change addresses. Not so good for privacy.
- Has charts and tickers integrated into the interface.
- Supports multiple wallets in one window.
If you don't care about privacy then electrum is better because of the single backup feature. Note that multibit hd, when it comes out, will be different from multibit classic.
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