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update electrum bitcoin wallet, How to update Bitcoin wallet?

2021-10-14 04:00  Category : Crypto Coin  

Electrum was launched in 2011 with a lite version of Bitcoin wallet with an open source code under MIT licenses.

Blockchain.info, Electrum Wallet.

This Electrum 4.0 will also update the functionality of partially signed Bitcoin Transactions (BPST). With this update, you can correct any problems that are incompatible with Cold Wallet, such as Coldcard or Trezor.

Down-to-dimensional security: Bitcoin wallet Electrum was hacked and at least 1,450 BTCs were stolen.

In addition to supporting Bitcoin wallets, Piper Wallet supports Litecoin and Electrum Bitcoin desktop clients.

update electrum bitcoin wallet

Electrum users are reminded of the Update Tip, which indicates that the new version of Electrum is likely to be fake, and if installed, transfer Bitcoin out in another security environment in a timely manner.

Electrum is a mobile available Bitcoin wallet that can also be used for Windows, Mac, Linux.

January 19 (Xinhua) -- Electrum is a world-renowned Bitcoin light wallet with a long history of supporting multi-signatures 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), according to the Slow Fog Security team. 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.

Electrum Bitcoin Wallet.

Wallet developer Electrum took action to fix the vulnerability, which led to the exposure of thousands of Bitcoin wallets.

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.

11 Bitcoin wallet Electrum was hacked and at least 1450 BTCs were stolen.

In addition, small partners who have used Electrum wallets should be aware that with Thecret phrase generated by Electrum, we can recover bitcoin keys on any browser using the Bitcoin Wallet web tool. And Electrum is so secure that there is no evidence that the distributed attack prevention system designed by Dark Wallet will be due to Electrum.

You can download electrum Bitcoin Wallet on the official website "electrum.org". Electrum is also available to users of Ledger Nano S, KeepKey, and TREZOR hardware wallets.

The Electrum team has also been developing other features. Electrum Wallet users can view the full release notes here.

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.

Electrum said in a statement that users need to upgrade, but don't rush to upgrade. It is important not to use older versions of the app, as long as you update to the new version before accessing your wallet.

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