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README
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README
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Electrum - a lightweight Bitcoin client and its server
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Licence: GNU GPL v3
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Author: thomasv1@gmx.de
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Language: Python
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Main features:
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Client:
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* The client uses a deterministic wallet; if the wallet is lost, it can be recovered from its passphrase.
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* The client does not download the Bitcoin blockchain; it requests that information from the server
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* The client does not send its private keyes to the server.
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* The client does not need to open a port, it simply polls the server for updates.
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Server:
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* The server uses a patched version of the Bitcoin daemon that can forward transactions, and bitcoin-abe
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* The server code is open source. Anyone can run a server, removing single points of failure concerns.
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* The server knows which set of Bitcoin addresses belong to the same wallet, which might raise concerns about anonymity.
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However, it should be possible to write clients capable of using several servers.
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----------------------------------------------------------
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INSTALLATION
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Client:
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1. install python-edcsa and pycrypto:
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* sudo easy_install ecdsa
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* sudo easy_install pycrypto
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2. run the client:
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python electrum
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Server:
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1. patch and recompile the bitcoin daemon - bitcoinrpc.diff
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2. install bitcoin-abe
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3. install bitcoinrpc, patch it too
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3. launch the server:
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python server.py
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