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Electrum VS Blockstream

Compare Electrum VS Blockstream and see what are their differences

Electrum

Electrum is an easy to use Bitcoin client.

Rating
0 reviews
Pricing
Open source
Alternatives Is it good?
Blockstream

Blockstream is an all-in-one bitcoin and digital asset infrastructure that has been the leader in providing the top-notch developing experience to deliver blockchain applications.

Rating
0 reviews
Alternatives Is it good?
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Which is more popular?

Based on our record, Electrum should be more popular than Blockstream. It has been mentioned 230 times since March 2021.

social mentions
230 vs 51
Cryptocurrencies popularity
69% vs 31%
alternatives listed
182 vs 57

Base details

Website, pricing, platforms and company facts side by side.

Electrum
Blockstream
Website electrum.org blockstream.com
Pricing
Open source
—
Company — Startup from Canada
Listed in
Cryptocurrencies Cryptocurrency Wallets Crypto Cryptocurrency Exchange +1
Business & Commerce Development Social Media Blockchain Online Payments +2

Features and specs

What each product offers, as listed by its team.

Electrum 7 features
Blockstream 5 features
  • Lightweight
    Electrum does not download the entire blockchain; it relies on remote servers, making it fast and consuming less storage space on your device.
  • Security
    Electrum uses advanced security features like two-factor authentication, multi-signature wallets, and cold storage to protect user funds.
  • Speed
    Since Electrum does not require synchronization of the full blockchain, transactions are processed quickly.
  • Open Source
    Electrum is open-source software, allowing for community review and contributions to enhance its functionality and security.
  • Compatibility
    Electrum is compatible with various types of hardware wallets, enhancing security by enabling offline storage of private keys.
  • Blockchain Integration
    Electrum uses Simple Payment Verification (SPV) to verify transactions, making it efficient and reliable for users.
  • Customizable Fees
    Users have the option to customize transaction fees, giving them control over the cost and speed of their transactions.

Possible disadvantages

  • Reliance on Remote Servers
    Since Electrum relies on remote servers for blockchain data, a server malfunction or attack could potentially disrupt service.
  • User Interface
    The user interface of Electrum can be less intuitive and less user-friendly, especially for beginners compared to some other wallets.
  • Limited Altcoin Support
    Electrum primarily supports Bitcoin, with limited support for other cryptocurrencies, which may not meet the needs of those who use multiple altcoins.
  • Privacy Concerns
    Using remote servers involves sharing some information regarding your transactions which might raise privacy concerns.
  • Manual Updates
    Users are required to manually update Electrum to benefit from the latest features and security patches.
  • Enhanced Security
    Blockstream Green offers advanced security features such as multi-signature protection and two-factor authentication, which reduce the risk of unauthorized access to your funds.
  • Privacy Features
    Includes integration with Tor network for increased privacy, as well as features like transaction blinding that help in obscuring transaction details from third parties.
  • User-Friendly Interface
    The wallet has an intuitive and clean interface, making it accessible even for users who are new to cryptocurrency.
  • Multi-Platform Support
    Blockstream Green is available on multiple platforms including iOS, Android, and desktop, providing flexibility in how you manage your funds.
  • Customizable Fee Settings
    Allows users to customize transaction fees, giving them the option to prioritize speed or cost-effectiveness depending on their needs.

Possible disadvantages

  • Learning Curve
    Due to its advanced features, some users (especially beginners) may find the initial setup and navigation complex.
  • Custodial Elements
    While it's primarily a non-custodial wallet, the need for connecting with Blockstream servers for secondary authentication introduces a semi-custodial element, which might be a concern for those looking for complete autonomy.
  • Limited Coin Support
    Supports primarily Bitcoin and Liquid Network assets, limiting its usefulness for users who hold a variety of altcoins.
  • No Built-in Exchange
    Lacks an integrated cryptocurrency exchange, requiring users to use external services for swapping their assets.
  • Potential Privacy Trade-offs
    While the wallet incorporates privacy features, users must trust Blockstream's servers to some extent, potentially exposing some metadata.

Analysis

An editorial look at what each product does well and who it suits.

Electrum
Blockstream

Overall verdict

  • Yes, Electrum is generally considered a good Bitcoin wallet.

Why this product is good

  • Electrum is known for its speed and efficiency, as it connects to decentralized servers rather than downloading the entire blockchain.
  • It offers advanced features such as cold storage, hardware wallet support, and multisig functionality, making it suitable for more experienced users.
  • Electrum is open-source, which means its code is publicly reviewed and audited for security.
  • It provides users with full control over their private keys, enhancing security and privacy.
  • The wallet has been around since 2011, giving it a long-standing reputation within the Bitcoin community.

Recommended for

  • Users who prioritize security and want full control over their private keys.
  • Bitcoin enthusiasts looking for a lightweight, fast, and resource-efficient wallet.
  • Advanced users requiring features like cold storage, multisig capabilities, and hardware wallet compatibility.
  • Individuals who prefer open-source software with a strong community backing.

Overall verdict

  • Blockstream is generally regarded as a reputable company within the blockchain and cryptocurrency community, especially known for its work on Bitcoin and related technologies.

Why this product is good

  • Expertise: Blockstream is known for its team of experts and pioneering work in Bitcoin development, including contributions to the Lightning Network and other scaling solutions.
  • Innovation: The company has introduced and developed numerous innovative projects such as Liquid Network, a sidechain solution that enhances Bitcoin transaction efficiency.
  • Security Focus: Blockstream places a strong emphasis on security, offering products like Blockstream Green, a secure Bitcoin wallet, and deploying robust cryptographic standards.

Recommended for

  • Cryptocurrency Enthusiasts: Individuals who are passionate about Bitcoin and its development will appreciate Blockstream's contributions to the space.
  • Developers: Those looking to work with cutting-edge blockchain technology and contribute to projects that focus on improving Bitcoin scalability and security.
  • Investors: People interested in investing in blockchain companies or technologies, given Blockstream's reputation and industry influence.

Videos

Walkthroughs and reviews on video.

Electrum 3 videos + Add
Blockstream 3 videos + Add

Electrum Bitcoin Wallet - Versatile and Feature Rich

More videos

  • - Electrum Wallet Review by FXEmpire
  • - Electrum Sabercrafts Torrent Smart Saber Review

Why Blockstream Destroyed Bitcoin

More videos

  • - Everything you need to know before getting Blockstream's JADE Bitcoin hardware wallet
  • - BLOCKSTREAM JADE - Secure Your Bitcoin and Liquid Network Assets

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Electrum
Blockstream
69% 69%
Cryptocurrencies
31% 31%
82% 82%
Cryptocurrency Wallets
18% 18%
0% 0%
Business & Commerce
100% 100%
100% 100%
Crypto
0% 0%

User comments

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Electrum no reviews yet
Blockstream no reviews yet
  • Top 10 Best Bitcoin Wallets of 2021
    medium.com · Jan 2021

    Electrum is one of the oldest Bitcoin wallets you can find. The wallet, which used to be a desktop client alone, is now also available on mobile. Electrum is compatible with multiple operating systems such as Windows,...

  • 20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021
    www.guru99.com · Jan 2021

    Electrum is the oldest Bitcoin wallets available in the market. It offers excellent privacy features and keeps your Bitcoins secure. It is the bitcoin wallet that good privacy features and keeps your Bitcoins secure.

We have no reviews of Blockstream yet. Be the first one to post

Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Electrum 230 mentions
Blockstream 51 mentions
  • Noob question, laugh at will
    I have been looking at exchanges and different wallet options but I am 99% sure its from electrum.org. Source: almost 3 years ago
  • Legitimate Bitcoin Apps
    Https://electrum.org - Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. Source: almost 3 years ago
  • 1000 btc wallets adresses
    Hello, I have question, When I download wallet from electrum.org, and have 1 btc wallet adress. Can I made like 1000 btc wallet adress now ? Best regards. Source: almost 3 years ago

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Alternatives to Electrum and Blockstream

When comparing Electrum and Blockstream, you can also consider the following products.

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