The electrum and Electrum-LTC versions below 3.3.3 are vulnerable to phishing attacks in which a malicious server displays a message asking the user to download the fake Electrum. To prevent user exposure, versions older than 3.3 can no longer connect to public servers and must be upgraded. Do not download software updates from sources other than electrum.org and electrum-ltc.org.
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Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on electrum servers, which presents some security and privacy trade-offs. If you use an Electrum personal server, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.
Creating a multi-signature wallet in Qtum Electrum is easy.
Use a highly anonymous wallet. Cryptocurrencies holders who want to clean up their bitcoins are advised to trade using wallets such as Electrum.
According to slow fog zone news, Electrum fake upgrade tips of the phishing attack has stolen at least 200 BTC, this attack by upgrading Electrum alone can not be avoided, the need for the entire ecological service to make corresponding changes (because Electrum this client is not a full node, and then on the transaction broadcast and the corresponding service side of the message communication, attackers can also deploy malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage.
Note: Electrum-XZC is derived from Electrum and uses different seed phrase criteria, so it cannot be imported.
The Bitcoin Core development team recently updated its list of 73 Bitcoin startups that have announced plans to support SegWit. The list includes well-known Bitcoin wallet service providers Blockchain.info, AirBitz, BreadWallet, TREZOR, Samourai Wallet, Ledger Hardware Wallet, Electrum, GreenAdress, KeepKey and Mycelium.
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Now that we understand the benefits of Electrum, we can start using Electrum. Before use, prepare pens and paper to facilitate the recording of safety seeds.
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