what to do with unconfirmed transaction in electrum, on electrum

2022-04-29

Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on Electrum servers, which presents some security and privacy trade-offs. If you use electrum personal servers, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.

Digital wallet developer Electrum has released an emergency patch saying it found a vulnerability that could lead any website hosting Electrum to steal a user's digital currency, exposing passwords to the JOHNSONRPC interface and ingelling hackers full control of the wallet. Earlier, Electrum released the first patch, but it didn't seem to solve the problem, and they released a second update urgently Sunday night local time.

You can use Security Seeds to recover your wallet on any Electrum client, even on the Electrum Wallet online web program.

This "update prompt" is not an official act of Electrum, but a phishing attack by an attacker that exploits a message flaw on the Electrum client and the ElectrumX server, which requires the attacker to deploy the malicious ElectrumX server in advance, and the malicious server is localized by the user's Electrum client (because the Electrum client is a light wallet and the user needs the ElectrumX server to broadcast the transaction). At the time of the madness, malicious ElectrumX servers accounted for as much as 71% of the total, and the show did not fully count that hundreds of bitcoins had been stolen in this phishing attack over the past year or so.

According to Tokenview data, as of 10 o'clock today, Bitcoin real-time network computing power of 49.62 EH/s, mining difficulty 7.41T; There are currently 13,117 unconfirmed transactions across the Bitcoin network, with a median transaction fee of $1.2613, and 23,222 unconfirmed transactions at Ethereum, with a median transaction fee of $0.0571.

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.

Lesson 1: Third-party Electrum servers can link your two transactions together. This can be avoided by running your own Electrum server, supported by your own full node.

what to do with unconfirmed transaction in electrum

what to do with unconfirmed transaction in electrum

Otto also suggested in the video that "Bitcoin Cash solves this problem," referring to unconfirmed transaction duplicates. While Cointegraph cannot be sure that BCH's unconfirmed deal is also unfinished, Young suggests.

It's important to transfer the BTC from your original Electrum wallet (to a new Electrum wallet, a new wallet generated by a new monemone, and back it up), which is important to prevent possible BTC loss.

The above three graphs show the number of unconfirmed transactions across the network within 48 hours, the unconfirmed transaction fees, and the memory pool's unconfirmed transaction volume. From the graph we can clearly see that the trend of each chart is about the same, the time is consistent with the market fluctuations. So when the market comes, a large number of currency transfers will cause the above three data surge.

According to slow fog zone news, Electrum fake upgrade tips of the phishing attack has stolen at least 200 BTC, this attack by upgrading Electrum alone can not be avoided, the need for the entire ecological service to make corresponding changes (because Electrum this client is not a full node, and then on the transaction broadcast and the corresponding service side of the message communication, attackers can also deploy malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage.

Bitcoin wallet Electrum official Twitter announced that the next version of Electrum will support Lightning online payments. Its lightning node implementation has been consolidated into the main branch of Electrum. Electrum also confirmed that the wallet will adopt a new implementation of in-house development written using Python.

Bitcoin's average unconfirmed transactions rose 528.71 percent this week, while Ethereum's unconfirmed transactions rose 138.44 percent. As of May 19, the average number of unconfirmed transactions in Bitcoin over seven days was 32,127, up 528.71% month-on-month. Ethereum's 7-day unconfirmed transaction averaged 26,215, up 138.44% month-on-month, with a minimum of 12,783 and a high of 38,258.

What to do with EOS

What to do with EOS

According to the dimensionality reduction security laboratory (johnwick.io), hackers launched a denial of service (DoS) attack on the well-known wallet Electrum server. The hackers used a botnet of more than 140,000 computers to attack Electrum nodes and deployed malicious nodes at the same time . When users connect to these malicious nodes and use the old version of Electrum to send transactions

Complete qtum-electrum-new compatibility with legacy data formats.

Electrum Litecoin Wallet review: Lightweight Litecoin customers.

Electrum personal server.

Electrum personal server.

Start by putting it in a local memory pool for some basic verification, such as whether the bitcoin spent on the transaction is an unspent transaction. If the validation is successful, it is placed in the Unconfirmed Transaction Pool and waits to be packaged. In other words, mining nodes need to validate each transaction in a timely manner and update their "unconfirmed trading pools" while matching their computing power.

Electrum-LTC is a simple but powerful Litecoin wallet. Like its predecessor, the Electrum-Bitcoin wallet, the open source wallet is available on GitHub and anyone can view or upgrade the code.

As of the time of writing, there were 9,321 unconfirmed transactions on bitcoin-wide, with a best transaction fee of 0.00008814 BTC, and 4,039 unconfirmed transactions on Ethereum.com.