All About Lightning Electrum
Bitcoin desktop wallet client Electrum has released a 4.0 beta version, adding several important updates, including support for the Lightning network, nearly a year after the previous version of Electrum, 3.3.8 (last July). In the 4.0 beta version, Electrum mainly added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers) and Submarineswaps (subliminal switching). (Github.
MyCrypto security researchers point out that they have identified malicious extensions masquerading as known encrypted wallet applications, such as Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus, and KeepKey.
Compared to the harmonious Ethereum hard fork, Bitcoin's hard fork does not seem to have been satisfactorily resolved. On the other hand, Bitcoin hard forks also provide an important case study for blockchain governance.
Now that we understand the benefits of Electrum, we can start using Electrum. Before use, prepare pens and paper to facilitate the recording of safety seeds.
The Electrum team has announced the attack in an official tweet, saying that "this is an ongoing phishing attack on Electrum users" and reminding users to check the authenticity of the client's source before logging in. The team published its official website, and electrum clients downloaded elsewhere may be problematic.
Bitcoin wallet Electrum now supports Lightning online payments, according to Coindesk on July 11. It has previously been reported that Bitcoin Wallet Electrum has released a beta version of Electrum 4.0, adding support for the Bitcoin Lightning Network.