NYCoin Electrum Wallet

This Electrum Wallet is presented to you by the NewYorkCoin Community.

It is based on the Electrum-LTC Wallet  and uses the ElectrumX Server.

 

 

Releases:

NYCoin Electrum Beta v3.1.3.1

  • Update Checkpoint calculation and Block verification to Kimoto Gravity Well (KGW)
  • Update checkpoints.json
  • Set up of the 1st 2 ElectrumX Servers
  • Disable some unneeded tabs in the preferences screen
  • Updated logo's to the NYCoin Logo
  • Modify Electrum's internal fee structure + disable fee's by default
  • Update build params for Windows and MacOS builds
  • Initial Android Mobile Build.

 

When using this wallet, take into account a few things:

  • Write down your seed, which is created for you on fresh install. With this seed, you can always ‘transfer’ funds from a lost wallet (eg due to a PC crash) to a new wallet with a sweep function
  • Do NOT share your seed with anybody as this allows that person to ‘sweep’ your wallet. That would mean your coins are forever lost.
  • Encrypt your wallet with a secure password that only you know. 

This Electrum Wallet is still in a Public Beta, meaning some features might not work as intended and that bugs are possible. Please report bugs in our Discord #wallet-help

A beginners guide on Electrum usage can be found here.

Electrum main features:

  • Encrypted wallet: the file that contains your NewYorkCoin is protected with a password. You are protected from thieves.
  • Deterministic key generation: If you lose your wallet, you can recover it from its seed. You are protected from your own mistakes.
  • Instant on: the client does not download the blockchain, it requests that information from a server. No delays, always up-to-date.
  • Transactions are signed locally: Your private keys are not shared with the server. You do not have to trust the server with your money.
  • Freedom and Privacy: The server does not store user accounts. You are not tied to a particular server, and the server does not need to know you. You can export your private keys.
  • No scripts: Electrum does not download any script. A compromised server cannot send you arbitrary code and steal your NewYorkCoin.
  • No single point of failure: The server code is open source, anyone can run a server.
  • Firewall friendly: The client does not need to open a port, it simply polls the server for updates.
  • Free software: Gnu GPL v3. Anyone can audit the code.
  • Written in Python. The code is short, and easy to review.