Archived PIVX Electrum Wallet proposal (April 2019)

[Cryptosi]

This is a proposal to have a PIVX-Electrum Light wallet built by a NON-Core dev.

What is Electrum?

Electrum is a well known Bitcoin Light wallet.

Electrum was created by Thomas Voegtlin in November 2011.
Since then, various developers have contributed to its source code.

Full documentation on the features of Electrum for Bitcoin (most of which will be available for PIVX-Electrum) can be found here:

It has already been modified to be used with Dash -

From a PRIVACY perspective there is one MAJOR ISSUE with Electrum, which has been highlighted by Core dev Furszy:

Electrum wallets are feeded directly from an electrum server, every address and transaction from the user' wallet are shared in the connection. You trust 100% on the server to know how many PIVs you have in your wallet and to broadcast your transactions.

Despite this being a large and legitimate concern, I still feel that we stand to gain more from building this wallet and Privacy can still be sampled in full on the Full wallet and also Furszys official PIVX litewallet.
We will have a pop-up that lets users know of the privacy trade off they are making when using this wallet.



Here are the main specs for our PIVX Electrum wallet:

This Electrum Wallet will be built to the following specifications:

• Compatibility with Windows, Linux, and MacOS operating systems.
• The Wallet will support all features in Electrum that PIVX supports, including:
  • Simple Payment Verification
  • Seed Recovery
  • Cold Storage
  • Multisigs via P2SHure

Important Omissions

Zpiv/ZLNP (Zerocoin) - Will not be present in this wallet.

Staking - Will not be present in this wallet, yet can be added if PIVX adds cold staking

Governance tab - Will not be present in this wallet

Masternode tab - Will not be present in this wallet

Milestones

• Creation of a PIVX-Electrum client.
  • A wallet for end users to move PIVX around.

• Setup of PIVX-Electrumx servers.
  • Servers to connect the clients to the blockchain.
  • This proposal will keep the servers running for 1 year.

Further details on the PIVX Electrum Proposal can be found here:

Electrum (Zehpyr) Proposal

Pivx - Electrum Light Wallet 27.03.2019 ─ Overview This proposal is for the creation of a PIVX-Electrum Light Client, and 1 year of hosting for the necessary servers. This will fund both the creation of the client and hosting of the servers. Once created, this light wallet will be a sta...

docs.google.com

Deliverables

This Project will be completed within 8 weeks of funding be passed.


COSTS

The total cost of Development will be 7K PIV Split across 2 cycles
I am also applying for mandatory 10% proposal creation fee
I have rounded up to 8k PIV total, with any excess to be used creating documentation, explainers or tutorials.

So in total 4K PIV per cycle for 2 cycles.

Development = 7k Piv
Cryptosi's Proposal fee = 700 Piv
Miscelleaneuos = 300 Piv

In the likely case that this proposal is passed but not funded, I have also set up a donation address on Tango Alpha Here: (website down)
You may also donate to this QR code :

Or this address : DU5MaCbGwoSebkg792y64XfPwZ93MZdpCg
follow funding progress here: RandonZebra explorer link

Here is the Voting information:

PIVXElectrum;

hash= 22455b04f649dd7bee72bdb782de41bba2d8854428f75344fe15be0c2223e3ce

“mnbudget vote-many 22455b04f649dd7bee72bdb782de41bba2d8854428f75344fe15be0c2223e3ce yes” to vote in favor

“mnbudget vote-many 22455b04f649dd7bee72bdb782de41bba2d8854428f75344fe15be0c2223e3ce no” to vote against

"mnbudget getinfo 22455b04f649dd7bee72bdb782de41bba2d8854428f75344fe15be0c2223e3ce” to check the status



Here is some information about my past proposals:

PIVX Tutorials (PASSED)

QT Frontend Development (PASSED)

Alliance Funding (Passed)

Tango governance portal - test site - (PASSED)

PIVX/PARTICL Alliance (PASSED)

 

[Cryptosi]

So this proposal passed but was not funded as the budget was maxxed out!
This is a good problem for the network, but bad for this proposal.

Network comes first so overall we are happy with the outcome, and have started our fundraising drive on TangoAlpha:

Tango Alpha

PIVX Community Governance

tangoalpha.gq

Please donate generously, so we can get this show on the ROAD!!!

 

[fuzzbawls]

My personal opinion on having an Electrum GUI client port for PIVX is that it is (mostly) redundant. I think there are a few userland features that are "kinda nice" but not highly used (UI based multisig address creation comes to mind here).

I also, again personally, don't like how Electrum relies solely on electrumx servers for functionality, and think that the existing light wallet (despite being "offline" at the moment due to needing a client update) is vastly superior in this particular regard.

hopefully the above can offer some possible insight as to why this hasn't happened yet?

 

[Cryptosi]

Electrum is a codebase well known through out multiple BTC communities, including Dash. While the existing light wallet may not need any extra servers, it doesn't have the same name recognition as Electrum, and more options never hurt the community. Plus, this offers a fully open source codebase, where anyone can spin up a server if they want, when the existing PIVX light wallet is still closed source, not allowing anyone to step up and work on it. There's also a lower maintenance cost as the existing Electrum development community actively produces commits, which can be merged over.

 

[vampyren]

All good points. I agree with fuzzbawls the the core wallet is far superior at this point. However more exposure means more people get to know about this great project and Electrum is a known name.
And as Cryptosi points out the open source nature of the wallet will allow new people be creative and do new fantastic things if they so wish.

 

[palmtree]

Regarding security, The newest Dash electrum wallet can use tor and display error messsage if tor cannot be found.
I look forward to both core lite wallet and Electrum wallet