Bitcoin Wallet Electrum now supports Lightning Online Payments According to Coindesk July 11th, Bitcoin Wallet Electrum now supports Lightning Web Payments. It has previously been reported that Bitcoin Wallet Electrum has released a beta version of Electrum 4.0, adding support for the Bitcoin Lightning Network.
In extreme cases, Phoenix TV stops working, which forces the payment channel to close, and you can use any wallet compatible with Recovery Seeds to recover your wallet, such as Electrum. After recovery, you only have to wait for a mandatory shutdown to be confirmed 750 times (or about 5 days) in the blockchain to see the funds available. Consider that all funds within Phoenix are in the payment channel.
Harry Denley, chief security officer of MyCrypto, a cryptocurrencies wallet company, detailed the discovery of the malicious extension in a blog post. Denley explained that the deleted apps impersonate known cryptocurrencies wallets, including Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus and KeepKey.
Lightning support in Electrum has been around for a long time. Thomas Voegtlin, the founder of Electrum, first told CoinDesk last summer that Lightning would take it to the next version.
Electrum is a popular software wallet that works by connecting to a dedicated server. These servers receive a hash of the Bitcoin address in the wallet and reply with transaction information. Electrum Wallet is fast and has few resources, but by default, it connects to these servers and can easily monitor users. In addition to Electrum, some other software uses public Electrum servers. By 2019, it is a faster and better alternative to BIP37.
Hackers launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to Johnwick.io. Hackers used botnets of more than 140,000 computers to attack Electrum nodes and simultaneously deployed malicious nodes. When a user connects to these malicious nodes and sends a transaction using an older version of Electrum, the user is prompted to update the Backdoor Client. If the user installs the client as prompted, the private key is stolen and all digital assets are lost. Millions of dollars of digital currency have been stolen, according to Electrum officials. De-dimensional Security Labs recommends that users of electrum wallets be updated to the latest version of the client through the official website and never use the link in the prompt message.
The problem was not fixed. So he had to contact Electrum to highlight the urgency of the issue, and Electrum released Emergency Response Version 3.0.4 a few hours later.
Bitcoin Wallet providers like Trezor and Electrum.
Blockchain.info, Electrum Wallet.
According to Ledger's latest announcement, in response to the failure of BTC nodes to synchronize, as well as faults related to BTC balances and transactions that could not be updated in a timely manner, they responded that the support structure was being investigated in depth and that the liquidity flow could be made through Electrum.