All About Lightning Electrum
Electrum is a well-known light wallet for Bitcoin that adds new features such as server authentication using SSL to prevent MITM attacks. So unlike other Bitcoin light wallets, Electrum cannot communicate directly with different versions of Bitcoin full nodes, and each startup connects to electrumserver to communicate, and electrum.
The Litecoin Foundation announced that it will move from electrum-LTC wallet to multi-purpose signature wallet BitGo.
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.
Since the end of December 2018, Bitcoin wallet Electrum users have lost 771 BTCs (worth about $4 million) in phishing attacks, according to a study released by Malwarebytes Labs. Electrum is known to implement a variant of a technology called Simplified Payment Verification (SPV), which allows users to send and receive transactions without having to download a full copy of the Bitcoin blockchain. An attacker is exploiting a vulnerability that anyone can manipulate a public Electrum peer to carry out an attack. (TNW)
Electrum-LTC is Electrum's community maintenance port, Litecoin's Bitcoin wallet. It is not the official product of Electrum Technologies GmbH, and it is not supported.
Malicious wallet software: A wallet software that sends a private key to a central server to steal the victim's coins. "Electrum Pro" is a notorious example, however.