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Mnone word type (determination or "Electrum"): In this type, all keys are derived from a separate payment private key, known as a seed. Viewing the private key is derived by paying the private key in Kecack-256 hash to produce a valid EdDSA stunder. These accounts are easy to back up because you only need to write down the seeds (usually in base-1626 mone phrases)

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A mn note word is a random number of English word sequences that represent (encoding) used as a seed for determinized wallets. The sequence of words is sufficient to recreate the seed and to recreate the wallet and all the private keys from the seed. When you first create a wallet, an app with a mnmark that runs a defined wallet will show the consumer one.

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On December 27, Reddit user u/normal_rc reported that Electrum's wallet had been hacked and that nearly 250 bitcoins (243.6 BTCs, nearly $1 million) had been maliciously stolen, coinelegraph reported. Electrum then confirmed that the attack included creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is a persistent phishing attack on Electrum users" and warned users not to download Electrum from any source other than the official website.

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As with previous GreenAddresses, Green Wallet enables 2-of-2 multi-signatures by default, with one signature saved on the device and the other on Blockstream's server. This enables application-based two-step verification (2FA) where an attacker cannot steal user funds even if a device is lost (it is recommended that users store 2FA on another device)