why does electrum use mbtc

why does electrum use mbtc?

The Electrum development team also warned them that they had nothing to do with a project called Electrum Dark: they used our name without our permission. Be careful with the altcoin version of Electrum, as they are sometimes used as vectors to install malware against your real Bitcoin wallet.

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Once we start calculating the price of big things like cars and houses, the former becomes awkward, so mBTC seems to be the most useful metric. In this case, the $50,000 car in the garage costs just over 7,000 mBTC, while your million-dollar home costs about 142,000 mBTC.

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Bitcoin Wallet Electrum confirms a phishing attack against its users, reminding them not to download Electrum Wallet software from any channel other than the official website. Earlier media reports said Electrum users had maliciously stolen millions of dollars worth of cryptocurrencies. Hackers create Electrum wallet software with malicious code, induce users to download, and trick users into providing login information such as passwords to commit theft.

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and Android system. Installing Electrum requires you to write down a 12-word seed to help you recover your wallet on multiple devices. If you forget your private key, this seed can also make Electrum look more human. In addition, Electrum has a "cold storage" mode where you don't have to pay Bitcoin to view your balance.

electrum integration, The State of Lightning Integration in Electrum - BitcoinTechWeekly.com

You may have noticed an important difference between the MyMonero type and the Electrum seed type. MyMonero creates a viewing private key by hashing a random integer, while the Electrum type hash pays the private key. This means that the seeds of 13 and 25 words are not compatible - it is not possible to create an Electrum type account that matches the MyMonero type account (and vice versa) because viewing key pairs is always different.

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To avoid copying errors, you can install the Bitcoin Core client on a computer that remains offline, or electrum Light Wallet, import the private key above to check that the resulting Bitcoin address is consistent.