Electrum Stratis Wallet wallet review

Electrum Stratis Wallet
Complex Ease of use,  High Privacy,  User Private Keys Stored

Electrum Stratis Wallet is based on the original Electrum wallet and is a joint github project to support Stratis coin. The Electrum Stratis Wallet allows users to store and send Stratis. Because it is a GitHub project created by volunteers (users) it's pretty hard to follow if you don't have a technical background.

The core functionality for the Electrum Stratis Wallet is pretty basic, rudimentary, it's just a wallet where you store your coins. The installation process is pretty complex so it's not recommended for the average user. Information received from the servers is verified using SPV. Servers are authenticated using SSL.

Company / organization behind the wallets

The wallet was created by a team of open source developers. The full code of the wallet is available on GitHub so you can go ahead and check out the code to make sure the wallet is safe for your usage. You can also add to it if you want.

Crypto Currencies Support

Language Support

  • English

Supported Systems

  • Windows
  • OSX
  • Linux

Security on this wallet platform is dependent on the technical knowledge of the user. This is an open source project and most users modify it to their own needs and share the work they have already done. Unless you have considerable programming background though you are liable to make mistakes and compromise security.

Summary:

Security
Average
2 Factor Authentication
No
Multi-Signature
Yes
Private Keys Stored On
User
Storage Type
Cold storage
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

This wallet requires technical knowledge to set up but if you know what you are doing it serves its purpose. You will need some server knowledge to setup this wallet since need to input command in a command line interface. Design is not a major feature of this wallet. It is really a do it yourself project that is best for developers.

Summary:

This is a GitHub project supported by users and volunteer developers it is not a commercial product. As such the design and functionality are limited and the set up is complex. Developers with advanced knowledge will enjoy the open source nature of this project and even have the opportunity to contribute. This wallet serves one purpose only, to store, send and receive Stratis coin.

Ease of use
Complex
Suitable For
Industry insiders
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

The core functionality for the Electrum Stratis Wallet is pretty basic, rudimentary, it's just a wallet where you store your coins. The installation process is pretty complex so it's not recommended for the average user. Information received from the servers is verified using SPV. Servers are authenticated using SSL.

There are none

Help and support:

  • FAQ section
  • Email

Personal information for activation account:

  • Name
  • Email Address

Most common customer complaint:

Hard to install and setup