Ethereum itself is not a cryptocurrencies, it is an open source blockchain platform that must use Ethereum's token ETH when operating on Ethereum. Similar to Bitcoin, you can also buy or sell ETH. ETH's total market capitalisation is currently second only to Bitcoin's and second in cryptocurrencies.
Electrum is a world-renowned Bitcoin light wallet with a long history of multi-signature support and a very broad user base, many of which like to use Electrum as a cold wallet or multi-signature wallet for Bitcoin or even USDT (Omni). Based on this usage scenario, Electrum is used less frequently on the user's computer. The current version of Electrum is 3.3.8, and previous versions of 3.3.4 are known to have "message defects" that allow an attacker to send an "update prompt" through a malicious ElectrumX server. This "update tip" is very confusing to the user, and if you follow the prompt to download the so-called new version of Electrum, you may be tricked. According to user feedback, because of this attack, stolen bitcoins are in the four digits or more. This captured currency theft attack is not stealing the private key (electrum's private key is generally stored with two-factor encryption), but replaces the transfer destination address when the user initiates the transfer. Here we remind users that when transferring money, special attention needs to be paid to whether the destination address has been replaced, which is a very popular method of currency theft recently. It is also recommended that users use hardware wallets such as Ledger, and if you pair it with Electrum, although the private key does not have any security issues, you should also be alert to the replacement of the destination address.
Like Bitcoin's core wallet, Electrum Wallet allows users to control their own funds and private keys. Electrum wallets' private keys can also be exported and used on other supported wallets to access funds. Electrum apps are available for Windows, Linux, OSX and Android, but do not support iOS and browser clients.
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With cloud services, if you use IaaS services, that means you don't have to buy your own servers, you can buy virtual machines wherever you want, and install server software if you use PaaS.
In this demo, Electrum developer Chris Belcher shows how to set up and use an Electrum personal server.
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You can see that the user can manually specify to connect to their own electrumserver. But most users don't understand the principle and don't build their own electrum server.
Electron Cash is only a version of Electrum, so if you're used to Electrum, you won't have any problems.
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Electrum ensures a secure, easy-to-use refrigerated wallet with multiple signature supports.
As of press time, phishing attacks that forged Electrum upgrade notifications have stolen at least 1,450 BTC (the number stolen is officially counted by a user, anti-malware companies Malwarebytes and Electrum), with a total value of approximately $11.6 million. It is worth mentioning that Electrum versions lower than 3.3.4 are vulnerable to such phishing attacks. Users who use Electrum wallets should update to the latest version Electrum 3.3.8 through the official website (electrum.org). At present, v4.0.0 has not been officially released. Version, please do not use the link in the prompt message to update, so as to avoid loss of assets
"If you have Bitcoin you can buy Petro, if you have Ethereum you can buy Petro, if you have dollars or euros you can buy Petro. From 5 November, Petro ... it will continue to be sold to the Venezuelan public in the form of a sovereign bolivar. Maduro said.
Have you ever used the Electrum Bitcoin wallet before? How do you experience and rate this wallet?
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