Bitcoin Future: using trezor with electrum

r/TREZOR - Using TREZOR with Electrum v3

By eliminating trezor, he created another problem for Bitcoin wallets that use isolated witness addresses to be compatible with wallet hardware. That's because Trezor users using Wasabi Wallet or BTCPay Server may not be able to access all of their bitcoins if you update Trezors firmware.

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By eliminating trezor, he created another problem for Bitcoin wallets that use isolated witness addresses to be compatible with wallet hardware. That's because Trezor users using Wasabi Wallet or BTCPay Server may not be able to access all of their bitcoins if you update Trezors firmware.

Using TREZOR with Electrum v3

At the end of 2011, the first deterministic wallet, Electrum, was born. Users are finally freed from frequent backups, using only a bunch of seeds.

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In contrast: UTXO is more verifiable, while the account model is more scalable, such as under the account model, it is easier to implement multiple signatures (an account is managed by multiple private keys)

restore from seed electrum no funds, No funds after restoring with seed.

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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The new version of the wallet will also include undersea switching, which allows BTC to pass from the Bitcoin blockchain to the payment channel network LN. For this novelty, Electrum is based on Boltz technology. Electrum will charge a commission for this service.

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Guide: Asymmetric encryption technology is the basis of blockchain dec centering, transactions need public and private keys to match each other, the security of private keys is very important.

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In the process of increasingly centralized operating systems, the infrastructure on which they are hosted is becoming more and more central. For example, authentication, because of the "username and password" authentication methods there is a threat of violent password cracking, so people put forward a variety of two-factor authentication solutions, such as google auth dynamic password, fingerprint authentication, access card and other solutions. Although two-factor authentication improves user security, the master key used for authentication is stored on the central server, which can raise systemic risks and expose user privacy if the authentication server fails or the master key is stolen.