Bitcoin is a decentralized peer-to-peer payment system and digital currency that is powered by its users with no central authority, central server or middlemen. Instead, managing transactions and issuing money are carried out collectively by the network. Bitcoin is controlled by all Bitcoin users around the world.
Bitcoin is a digital currency that enables instant payments. It offers a path to lower payment processing and more secure transaction. It has often attracted attention for its popularity in black markets, and for its volatility in its value. However, there is a growing number of organizations and individuals that use Bitcoin for mainstream transactions, attracted to the lower payment processing charges, and the ability to receive micropayments, payments much smaller than what the traditional financial system can handle.
In exchange for its low-cost peer-to-peer system, Bitcoin’s network contains no recourse if bitcoins are lost or hacked. Consequently, security is a vital concern with Bitcoin. How to store Bitcoins is therefore a very important decision for a Bitcoin user to make. Desktop bitcoin clients offer a reasonably secure and advanced way to store. Bitcoin supports native wallet encryption so that people who steal your wallet file do not obtain access to your Bitcoins.
To provide an insight into the quality of software that is available, we have compiled a list of 3 highly promising Bitcoin clients. Hopefully, there will be something of interest here for anyone who wants ease of use, security and advanced features.
Now, let’s explore the 3 Bitcoin clients at hand. For each title we have compiled its own portal page, a full description with an in-depth analysis of its features, screenshots, together with links to relevant resources.
|Armory||Wallet management with cold storage and multi-signature support|
|Electrum||Lightweight, easy to use, open source client|
|Gocoin||Full bitcoin client solution written in the Go language|
You’ll also want to check out Bitcoin Core, software which is programmed to decide which block chain contains valid transactions. The users of Bitcoin Core only accept transactions for that block chain. Bitcoin Core checks each block of transactions it receives to ensure that everything in that block is fully valid—allowing it to trust the block without trusting the miner who created it.
Read our complete collection of recommended free and open source software. The collection covers all categories of software.
The software collection forms part of our series of informative articles for Linux enthusiasts. There's tons of in-depth reviews, open source alternatives to proprietary software from large corporations like Google, Microsoft, Apple, Adobe, IBM, Cisco, Oracle and Autodesk. There are also fun things to try, hardware, free programming books and tutorials, and much more.