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By default, electrum wallets are randomly connected to a set of Electrum servers. From a privacy perspective, this is not a good thing because it discloses your wallet address and balance to unknown third parties. And unfortunately, many public Electrum servers are run by individuals or groups of blockchain analytics companies or worse. Therefore, if you are using an Electrum wallet, it is generally recommended that you run your own Electrum server and then connect the wallet to that server.

The UB team has now developed Core, Core-QT, Electrum Wallet (where Electrum is a lightweight wallet that supports multiple signatures) and released a complete blockchain browser. More than 18 trading platforms around the world support UBTC trading.

In a recent announcement on Twitter, Electrum advised users to disable the automatic connection option and manually select a server, while the company is developing a more powerful Electrum.

Why use Electrum? Here are a dozen of the benefits of electrum wallets.

One of Power's highest wizards will receive the BigCheeze Award (currently worth 671 ETH)

The Healthy Security Lab is concerned that Nearly 250 bitcoins have been stolen in a recent hacking attack on an Electrum wallet. 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" and that The Healthy Security Lab advised users not to install an unknown source of Electrum wallets to avoid being tricked.

At the time of writing, at least 1,450 BTCs (stolen by one user, antimalware firm Malwarebytes and Electrum) had been stolen in phishing attacks that faked Electrum upgrade tips, with a total value of approximately $11.6 million.

This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks.

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.

According to The Slow Fog Zone, hackers who previously attacked Electrum wallets used Electrum's software exception to construct malicious software update prompts to induce users to update and download malware usage, and the Slow Fog team reminded users if you used the Electrum prompt update to carefully check the information, identify official websites and software versions and make signature checks. Real official websites and download links are below.

On July 27, cardano's official community announced that Cardano had officially announced its integration with Yoroi and Hardware Wallet Ledger Nano S. Ledger Nano S is now compatible with Cardano's ADA, allowing investors to protect their private keys with Ledger's wallet and gain more secure ADA access. Ledger Nano S also integrates the Yoroi wallet developed by EMURGO, the first official companion app to support cardano Ledger hardware wallets.

Electrum DASH "PrivateSend" is on TestNet.