exported electrum private keys not working in electron cash

exported electrum private keys not working in electron cash, export private keys electrum

The Bitcoin private key is generated by the SHA256 hash algorithm and is a random number with a length of 256 bits. Although in order to make the private key concise and easy to remember, it has been exported as a 12-24 bit mnemonic through Base58 encoding. But the form is still very complicated, which eventually caused a large number of tragedies of losing Bitcoin due to forgotten private keys

electrum lumen, ELEKTRO-LUMEN KFT

Electrum is a well-known light wallet for Bitcoin that adds new features such as server authentication using SSL to prevent MITM attacks. So unlike other Bitcoin light wallets, Electrum cannot communicate directly with different versions of Bitcoin full nodes, and each startup connects to electrumserver to communicate, and electrum.

electrum trust, electrum

At this time, the SPV-based Electrum wallet became the new favorite of Bitcoin players. Especially for small partners who are new to Bitcoin, editors recommend using electrum wallets.