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Topic: Is electrum centralised or decentralised? (Read 521 times)

newbie
Activity: 26
Merit: 0
February 15, 2016, 11:10:16 AM
#3
How does electrum work to find other electrum sellers/buyers?

Electrum is a wallet. It stores the private keys to your accounts. It works (for now) with Bitcoin.

Quote
Is that part of the system decentralised, or is that part of the system centralised?

Electrum is stored on your device but relies on servers for transactions information. Some wallets store the entire blockchain but electrum does not. Wallets that do not store the blockchain locally are called lightweight wallets. Lightweight wallets have to query their servers each time they are run.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
February 14, 2016, 05:10:13 PM
#2
How does electrum work to find other electrum sellers/buyers?

Its a wallet not a marketplace.

Is that part of the system decentralised, or is that part of the system centralised?

Anyone including you can run an electrum server, as long as enough people do so its reasonable decentralized.
newbie
Activity: 25
Merit: 10
February 14, 2016, 02:14:48 PM
#1
How does electrum work to find other electrum sellers/buyers?  Is that part of the system decentralised, or is that part of the system centralised?
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