Electrum Rhodium is a community-maintained port of Electrum, the Bitcoin wallet, to xRhodium. It is not an official product of Electrum Technologies GmbH, which does not support it.
Never be concerned about losing your wallet! With your unique seed, you can always recover and restore your wallet even if you experience the worst of hardware or software failures.
Your unique secret phrase and private keys are never sent to the Electrum Rhodium servers. All information received from the server is verified using Simplified Payment Verification (SPV).
Export your private keys to other xRhodium clients, at your convenience.
Because Electrum Rhodium is constantly maintained on a tamper-proof remote server, it never needs to download the entire XRC blockchain. Electrum Rhodium wallets are fast, reliable, and secure.
All releases are signed with our PGP public key. You are able to verify in this public key server.
After downloading, you might have to make an exception in your anti-virus software, as anti-virus software tends to flag any cryptocurrency software incorrectly.
The data directory of Electrum is where wallet files, config settings, logs, blockchain headers, etc are stored.
In short, not really. The Electrum client never sends private keys to the servers. In addition, it verifies the information reported by servers, using a technique called Simplified Payment Verification (SPV).
By default, Electrum tries to maintain connections to ~10 servers. The client subscribes to block header notifications to all of these, and also periodically polls each for dynamic fee estimates. For all connected servers except one, that is all they are used for. Getting block headers from multiple sources is useful to detect lagging servers, chain splits and forks.
One of the servers, arbitrarily, is selected as the “main” server.
Further, all of the connected servers will see the client’s IP address (which might be that of a proxy/VPN/Tor, if used).
The fast startup times and low resource usage is achieved at the cost of the above detailed privacy loss. The protocol and the client is designed in a way that minimises trust in the server.
Anyone can run a server. If you feel strongly about privacy, or if SPV-security guarantees are not enough for you, you should consider running your own Electrum server.
Electrum uses two separate levels of encryption:
- Your seed and private keys are encrypted using AES-256-CBC. The private keys are decrypted only briefly, when you need to sign a transaction; for this you need to enter your password. This is done in order to minimize the amount of time during which sensitive information is unencrypted in your computer’s memory.
- In addition, your wallet file may be encrypted on disk. Note that the wallet information will remain unencrypted in the memory of your computer for the duration of your session. If a wallet is encrypted, then its password will be required in order to open it. Note that the password will not be kept in memory; Electrum does not need it in order to save the wallet on disk, because it uses asymmetric encryption (ECIES).
Wallet file encryption is activated by default since version 2.8. It is intended to protect your privacy, but also to prevent you from requesting bitcoins on a wallet that you do not control.