Slow Fog Alert: The world's leading bitcoin wallet Electrum updates the phishing theft continues.

Have you ever used the Electrum Bitcoin wallet before? How do you experience and rate this wallet?

Digital Wallet Electrum was hacked, losing 250 bitcoins.

Bitcoin desktop wallet client Electrum has released a 4.0 beta version, adding several important updates, including support for the Lightning network, nearly a year after the previous version of Electrum, 3.3.8 (last July). In the 4.0 beta version, Electrum mainly added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers) and Submarineswaps (subliminal switching). (Github.

Click to get the Electrum Personal Server source code and the Electrum Wallet source code.

Send the coin to another wallet for long-term bitcoin storage. There should be a full node behind the wallet, such as the Electrum node pointing to your own Electrum server.

Wallets are classified more, in addition to by type, can also be divided into cold wallets and hot wallets. A cold wallet is a wallet that is not connected to the Internet, also known as an offline wallet. Hot wallets are wallets that stay online, or online wallets.

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.

Electrum ensures a secure, easy-to-use refrigerated wallet with multiple signature supports.

So what exactly is tBTC's solution? It is based on the above, using a multi-wallet multi-signature solution that eliminates a single point of failure.