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A thin wallet will delegate most of the complexity to a trusted Obly, while still maintaining control of the private keys by using a deterministic key chain BIP It is different than SPV in that it doesn't need to perform any header or transaction merkle root validations although it is skpport possible. The advantage coij a thin wallet is that it is light suport and can easily work with low-specs devices con consumes small amounts of network bandwidth.
Some assets like Peercoin, CounterParty or Mastercoin can only work with this model because as SPV is not enough to validate transactions. Fuck local sluts in kennet disadvantage is that it needs a trusted service to get the state of the network. A known attack for an SPV wallet is to hide transactions, in a thin wallet it is possible to also simulate payments but not steal coins from the wallet.
Those threats are mitigated Only coin support using trusted servers and third party block chain explorers. Bitcoin-like currencies Bitcoin forks, like Litecoin, Dogecoin, Peercoin are easy to implement as they share most of the transaction and header formats and signing algorithms. Those are the components to make this happen: The adaptations that need to be done to the electrum server depend on some factors: Darkcoin uses X11, while Blackcoin uses Scrypt.
Are the fields of getblock standard? For example Peercoin encodes the block timestamp in a human readable format, while the standard Bitcoin RPC uses a Unix epoch Is the transaction binary structure the same as in Bitcoin? For example a Peercoin adds a timestamp after the version field, NuBits adds a asset type field after locktime. Not standard or non financial outputs, like in Namecoin For each coin a separate electrum configutation file is needed with the most important part: Currently each coin customization is in a different branch but longterm will merge them in one package.
The repository of the customized electrum server https: The most recent stable branch is coinomi An new subclass of CoinType in the com. Existing coin types are a good template to base on. An entry to the com. CoinID enum If a custom integration is needed because of a different transaction structure or a different fee calculations the following places are good candidates: WalletPocketProtobufSerializer For the Android wallet integration it only needs some entries to the com.
Security-wise, those coins cannot use SPV as it is not enough to just verify if a transaction was included in a block, so a thin wallet is the only way to go. The effort to add support for those coins is more than Bitcoin forks but some infrastructure can be reused transaction signing clientside, bitcoind RPC serverside. Here are some coins that fall in this category: