A Bitcoin is simply an online payment system that is decentralized in nature. The system operates on a P2P protocol platform that doesn’t have a centralized server in place but instead operates on decentralized mechanism .This in simple words means that the money crypto key holders are the users themselves and they can carry out transactions with other users directly without having to go through a third party.Related to the Bitcoin system is the Bitcoin client.
The term Bitcoin client is used to refer to the end-user software whose main purpose is to generate private keys and enhance system security. The Bitcoin client also sends out payment on behalf of the private key and monitors the state of the network and all the transactions. Any information that relates to private keys is managed by the Bitcoin client as well as a series of all the network activities to all the other peer clients in the network. Basically, this is the part of the software that runs on your local computer.
The Bitcoin client serves to ensure two important aspects of your transactions. The security of your wallet as well as the general security regarding the Network. To ensure the security of your wallet, is guaranteed, the Bitcoin client provides a unique protection to your private keys. Keeps the keys away from the people who might have access to the computer storing your wallet .In ensuring the network security,
Bitcoin clients always implement the right block chains and cannot allow invalid transactions to exist on the block chain. The client fully implements the P2P protocol that guarantee 100% security.Below is the list of available Bitcoin clients and their description;
Best Bitcoin Client Download
The initial and first form of Bitcoin Client. It is currently being developed by the Bitcoin development team. All the other Bitcoin clients draw their working from this particular client. Therefore, it is regarded as the reference layer upon which comparison is done. The Bitcoin-Qt is available for windows operating system as well as Linux and Mac OS. This client will facilitate all the basic operations that you can think of including the sending and receiving of Bitcoins as well as creation of wallet for your coins.
This client is considered one of the most secure clients. It provides you with an opportunity to store your Bitcoin in a computer that is 100% offline. Once this is done, you can be able to synchronize your Bitcoin with another computer that is online. What this means is that your Bitcoin are safe from hackers. The client also provides a feature that facilitates multiple wallets for your Bitcoin. You can also have what is known as paper backups for your Bitcoin on this client. It should be noted that for you to be able to access the Armory, you should have the Bitcoin-Qt already installed and fully running .It is considered a m ore superior client than the Bitcoin-Qt and will go a step further in facilitating functions that cannot be performed by the Bitcoin-Qt.
One similarity between the Armory and the Bitcoin-Qt is that you have to download the whole Bitcoin block before you can start using it. MultiBit comes with a different perception. You do not have to download the full Bitcoin block so as to use it. Unlike Armory and Bitcoin-Qt that only supports English, MultiBit comes with over 40 languages that you can choose from incase English isn’t your most preferred language.This language variety makes it the most preferred Bitcoin client in non-English speaking countries. The full list of the supported languages is available on its website. MultiBit is still regarded as the quickest and the easiest Bitcoin client to install across all the platforms.
Just like the MultiBit, you do not have to download the entire Bitcoin block chain for you to use it. The Electrum mainly depends on remote servers that contain copies of the whole block chain. Although it depends on blocks that run on remote servers, it does not mean that your wallet is also stored remotely. You will still have your wallet stored on your local computer where it is very safe and secured. Electrums present itself as the most secure and the fastest of the four Bitcoin clients. It promises faster service with no downtime.