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Electrum is a popular software wallet that works by connecting to a dedicated server. These servers receive a hash of the Bitcoin address in the wallet and reply with transaction information. Electrum Wallet is fast and has few resources, but by default, it connects to these servers and can easily monitor users. In addition to Electrum, some other software uses public Electrum servers. By 2019, it is a faster and better alternative to BIP37.

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The fact that not many people know is that Esplora is bundled with a based and optimized Electrum server. This Electrum server is derived from Electrs and is now maintained separately by the Blockstream engineering team. Over the past two years, Esplora has become one of the fastest and most scalable Electrum server solutions available for Bitcoin due to continuous updates and performance optimization. Esplora is also the only Electrum server that supports liquid networks.

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Millions of dollars of digital currency have been stolen, according to Electrum officials. Devi Security Labs recommends that users of Electrum Wallet update to the latest version of the client via the official website and never use the link in the prompt message.