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So far, Electrum Wallet has gone through various iterations to keep up with the growth of the cryptocurrencies industry to provide its users with a high level of security at any time. The wallet is easier to use than Bitcoin Core wallets and allows users to create wallets with other security features, such as two-factor authentication, multi-signature wallets, and more. In addition to creating and using new wallets, Electrum allows users to import other Bitcoin blockchain wallets by entering the wallet's seed or master key. It can also be used to manage hardware wallets.

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Hoenicke also points out that there are some technical "small" problems with quarantine testimony, such as a vulnerability in Litecoin Mobile Wallet Electrum-LTC that causes users to "crash" when using older versions to send quarantine witness transactions. Hoenicke also noted that some users, after using the conversion tool, confuse addresses and send bitcoins to the isolated witness address of Litecoin.

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Qtum Electrum is a Qtum desktop light wallet modified from the well-known Bitcoin wallet Electrum. Compared to the current Qtum Core full-node wallet, Qtum Electrum takes up less disk space and takes less time to synchronize chunks, supports multi-signature and hardware wallets, supports cold wallet mode, supports the import of mnomes into mobile wallets, and uses SPV authentication to ensure security.

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Electrum wallets have been hacked in recent days and nearly 250 bitcoins have been stolen, according to blockchain security team Devi Security Labs. This attack, confirmed by Electrum, involves creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is an ongoing phishing attack on Electrum users and advised users to download wallet apps from the official website." Mars Finance reminds users not to install electrum wallets from unknown sources.