restore reddcoin electrum 2.0 wallet from seed only

restore reddcoin electrum 2.0 wallet from seed only, wallet to electrum

Users of Bitcoin wallet Electrum are facing a phishing attack, according to the Devi Security Lab. Hackers broadcast messages to the Electrum client through a malicious server, prompting the user to update to v4.0.0, and if the user follows the prompt to install this "backdoor-carrying client", the private key is stolen and all digital assets are stolen. At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

restore reddcoin electrum 2.0 wallet from seed only, t wallet electrum

If you can randomly generate a seed, and then according to this seed to generate a series of private key, public key pairs, so that the wallet backup will be much easier, because only need to back up random seeds on the line, this random seed according to the determination rules to generate a series of wallets called seed wallet or deterministic wallet, seed wallet when generating multiple private keys will use the serial number as a parameter, So this wallet is also called a linear deterministic wallet.