convert electrum bitcoin to cash

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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.

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Lower costs - One of the advantages of paying in digital currency over traditional payment methods is that they are cheaper. Traditional Bitcoin has a maximum fee of $70 per transaction due to block size restrictions. Bitcoin cash, on the other hand, never costs more than 1p per transaction. This makes Bitcoin cash the ideal currency for the daily use of merchants, businesses and companies. As a result, some industries, such as remittances and payment gateways, can be disrupted, while Bitcoin cash is well used in these industries.

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Reddit user u/normal_rc: 'The attacker set up a lot of malicious servers. Once a user's Electrum wallet is connected to these servers, they see what appears to be an official message when sending bitcoin transactions, telling them to upgrade the Electrum wallet, which actually contains a fraudulent URL.