When did Electrum Wallet Originated?

Artemis3

legendary

Activity: 2030

Merit: 1573

CLEAN non GPL infringing code made in Rust lang

Quote from: pooya87 on January 25, 2019, 12:07:19 AM

Quote from: nc50lc on January 24, 2019, 10:23:37 PM

(Bitcoin Cli, now Bitcoin Core)

CLI stands for command-line interface and "bitcoin CLI" was not the name of it, it was called bitcoin-qt then changed to bitcoin-core.

Quote

Not sure but, Electrum's security today isn't really that reliable since it requires a third-party host/node.

Electrum's reliance on third party servers has not changed, it still relies on them nearly the same as it has always relied on them. it is a SPV node after all and you can't expect the same level of security as the full nodes offer.

I wasn't here in 2010, but reading some Satoshi posts I'm under the impression that he/she/they did in fact used wxwidgets... I'm glad it was switched to QT! (And most altcoins copied that wallet)...

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: HCP on January 26, 2019, 08:24:59 PM

Quote from: pooya87 on January 25, 2019, 12:07:19 AM

Electrum's reliance on third party servers has not changed, it still relies on them nearly the same as it has always relied on them. it is a SPV node after all and you can't expect the same level of security as the full nodes offer.

Yes, you can. Running a full node isn't necessarily any more secure than an SPV wallet.

It isn't security where SPV wallets fall behind full nodes... it is privacy. An "evil" Electrum server can't steal your bitcoins, but they can certainly spy on most everything you do with Electrum.

i avoided using the word "wallet" for a reason. the security is not only about someone stealing your private keys and your bitcoins. it can also be about the servers lying to you. for example imagine a normal chain split taking place and you were accepting a payment there. the server can tell you that you are already on a good chain while that chain is already orphaned. in this scenario you think your transaction is confirmed and has X number of confirmation which it might have even be double spent when the chain split happened.
of course there has been a lot of attempts are fraud proofing SPV clients but it still is not perfect. i am not familiar with all the scenarios, this was just an example.

HCP

legendary

Activity: 2086

Merit: 4363

Quote from: pooya87 on January 25, 2019, 12:07:19 AM

Electrum's reliance on third party servers has not changed, it still relies on them nearly the same as it has always relied on them. it is a SPV node after all and you can't expect the same level of security as the full nodes offer.

Yes, you can. Running a full node isn't necessarily any more secure than an SPV wallet.

It isn't security where SPV wallets fall behind full nodes... it is privacy. An "evil" Electrum server can't steal your bitcoins, but they can certainly spy on most everything you do with Electrum.

elda34b

sr. member

Activity: 910

Merit: 351

Quote from: Lucius on January 25, 2019, 06:07:02 AM

Although some progress has been achieved in this regard, many still use exchanges as their main wallets. Sometimes this is not bad move, in the light of recent events with Electrum, beginners are safer with online wallets. They not read, think or have enough knowledge to recognize threats, and as a result, they lose money and trust in cryptocurrency.

At some point, I think it's not because they lack information or ability to learn, but because they prefer simplicity to security. A lot of members that I know here, tend to use exchange wallet as their main wallet because it's easier to use when they want to cash out. And claiming that it's safe enough to store here. Sometimes ignorance is the main problem which unfortunately difficult to change.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: jerry0 on January 24, 2019, 03:19:22 PM

Wow im surprised by this. So that would mean that probably was the most popular wallet to keep btc around then?
Also those ppl that bought btc like around that time or before it, was the exchanges the most popular place to keep btc?

It is quite clear that the majority of users keep their coins on exchanges, because of that we have the biggest hacking of one exchange in history. If people know how important is to have full control of its private keys, then Mt.Gox hacking would not cause the damage of some 850 000 BTC which are largely irretrievably lost.

Although some progress has been achieved in this regard, many still use exchanges as their main wallets. Sometimes this is not bad move, in the light of recent events with Electrum, beginners are safer with online wallets. They not read, think or have enough knowledge to recognize threats, and as a result, they lose money and trust in cryptocurrency.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: nc50lc on January 24, 2019, 10:23:37 PM

(Bitcoin Cli, now Bitcoin Core)

CLI stands for command-line interface and "bitcoin CLI" was not the name of it, it was called bitcoin-qt then changed to bitcoin-core.

Quote

Not sure but, Electrum's security today isn't really that reliable since it requires a third-party host/node.

Electrum's reliance on third party servers has not changed, it still relies on them nearly the same as it has always relied on them. it is a SPV node after all and you can't expect the same level of security as the full nodes offer.

nc50lc

legendary

Activity: 2618

Merit: 6452

Self-proclaimed Genius

Quote from: jerry0 on January 24, 2019, 03:19:22 PM

-snip-
Also those ppl that bought btc like around that time or before it, was the exchanges the most popular place to keep btc? Then electrum was pretty close up there? What other wallets were available similar to electrum at the time?

Actually, Bitcoin Full Node (Bitcoin Cli, now Bitcoin Core) at that time (2011-12) is the best way to store bitcoins since the Blockchain isn't that huge to be a problem for most (geek, technical or fan-base) users.
But mostly all late-comers (including me) were using bitcoins in online "game/gambling" that offers free bitcoins via faucets and didn't even cared about its value at that time, it's something like this: you can play games for free/low-cost using a new/unknown digital cash.
Most bitcoins were stored (or forgotten) in those High/Lo & Faucet sites.[/2011]

About other available clients, I'm not qualified to answer since I started trading Crypto a year before I joined BCT (not too late before the big HYPE).

Quote from: jerry0

Also was security with electrum pretty good back then when it came out?

Not sure but, Electrum's security today isn't really that reliable since it requires a third-party host/node.
That's why they've added the newbie-friendly 2FA option with additional cost in exchange for security in 2015(?), or anyone can set-up his own 99% safe cold-storage wallet.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: Awkward_Public_Stoner on January 24, 2019, 05:46:14 PM

Quote

Electrum was created by Thomas Voegtlin in November 2011.

Holy shit, that's really early. I thought it started in 2013.

I used to think it started just after that bipwas released in 2015...

It was the main implementation before it was possible to rpc into bitcoin full nodes... I'm surprised they started on python2, python3 was out by that time as I started learning it that year...

Awkward_Public_Stoner

newbie

Activity: 21

Merit: 4

Quote

Electrum was created by Thomas Voegtlin in November 2011.

Holy shit, that's really early. I thought it started in 2013.

jerry0

full member

Activity: 1792

Merit: 186

Wow im surprised by this. So that would mean that probably was the most popular wallet to keep btc around then?

Also those ppl that bought btc like around that time or before it, was the exchanges the most popular place to keep btc? Then electrum was pretty close up there? What other wallets were available similar to electrum at the time? Also was security with electrum pretty good back then when it came out?

TryNinja

legendary

Activity: 2758

Merit: 6830

From Electrum’s about page:

Quote

Electrum was created by Thomas Voegtlin in November 2011.

https://electrum.org/#about

jerry0

full member

Activity: 1792

Merit: 186

Does anyone know exactly what year did electrum wallet originate?

Topic: When did Electrum Wallet Originated? (Read 198 times)