Bitcoin Future: electrum feruchemy

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From August to September, the Bitcoin wallet Electrum was phished twice by hackers. According to statistics from various parties, the phishing attacks forged Electrum upgrade notifications have stolen at least 1,450 BTC worth $11.6 million.

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Electrum is a popular software wallet that works by connecting to a dedicated server. These servers receive a hash of the Bitcoin address in the wallet and reply with transaction information. Electrum Wallet is fast and has few resources, but by default, it connects to these servers and can easily monitor users. In addition to Electrum, some other software uses public Electrum servers. By 2019, it is a faster and better alternative to BIP37.

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Popular wallet developer Electrum has released an emergency patch for a key vulnerability in its Bitcoin wallet. The vulnerability allows any website hosting electrum wallets to potentially steal a user's cryptocurrency. A vulnerability means that the password is exposed to the JSONRPC interface, implying that the hacker has full control over the wallet. The first patch failed to fix the problem, forcing Electrum to release a second update on Sunday night.

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Chain News, lightweight Bitcoin Wallet Electrum announced that the next version will support Lightning network payment, implemented using Python, Electrum as a Lightning network node, wallet users do not need to run lightning network nodes to make payments, electrum lightning network nodes have been merged into the Electrum master branch.

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On December 27, Reddit user u/normal_rc reported that Electrum's wallet had been hacked and that nearly 250 bitcoins (243.6 BTCs, nearly $1 million) had been maliciously stolen, coinelegraph reported. Electrum then confirmed that the attack included creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is a persistent phishing attack on Electrum users" and warned users not to download Electrum from any source other than the official website.

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The Bitcoin desktop wallet client Electrum has released a beta version 4.0, which adds support for several important updates such as the Lightning Network. This version is nearly a year away from the previous version of Electrum 3.3.8 (July last year)

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Electrum posted a message about the incident on Twitter today, claiming that "there are currently phishing attacks against Electrum users" and imploring users to check the validity of their login information.

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To achieve this, Tails uses the Tor network, making network traffic difficult to track. Tails also pre-installs a number of applications, including web browsers, IRC clients, mail clients, and instant messaging tools, all of which are pre-configured with security in mind and anonymity for network traffic. So through Tails we can use the Internet "incogngn privately" without leaving any trace.

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According to BTG rules, the BTC and BTG chains have been officially separated successfully since the block height of 491407. As BTG is still in the pre-excavation stage, the timing of the successful public mining is not predictable, and based on a large number of user suggestions, we will open BTG on October 26, 2017 at 18:00 BTG. You can also trade BTG/BTC at OKEx.

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Thomas Voegtlin, founder of electrum, a cryptocurrencies wallet service, said he plans to increase support for Bitcoin Lightning online trading technology by the end of July. He said the transaction would be conducted by electrum servers interacting with the Bitcoin network, rather than integrating with other Lightning network clients. Lightning Network is a Layer 2 expansion technology under development with the goal of faster payments, lower fees, and higher transaction throughput than bitcoin networks, and several Lightning network projects are currently developing iterations.