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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 wallets are fast and have 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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Luke Childs has disclosed Coinomi's vulnerabilities in the past. The vulnerability transfers unencrypted user transactions to the Electrum server without using standard security techniques. At the time, developers responded defensively, criticizing Childs for spreading fear, uncertainty and suspicion.

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Like Bitcoin's core wallet, Electrum Wallet allows users to control their own funds and private keys. Electrum wallets' private keys can also be exported and used on other supported wallets to access funds. Electrum apps are available for Windows, Linux, OSX and Android, but do not support iOS and browser clients.

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The Electrum development team also warned them that they had nothing to do with a project called Electrum Dark: they used our name without our permission. Be careful with the altcoin version of Electrum, as they are sometimes used as vectors to install malware against your real Bitcoin wallet.

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In every block of the public chain, most of the storage space is occupied by transaction data, so it is perfectly possible to extract transaction data and store it in the IFS, a centered storage system, where the transaction data is stored in the IFS system and a hash value is generated, which takes up much less space than the transaction data. This hash value can be stored in the chunk.