Bitcoin Future: transfer bitcoins from coinbase to electrum

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You may have noticed an important difference between the MyMonero type and the Electrum seed type. MyMonero creates a viewing private key by hashing a random integer, while the Electrum type hash pays the private key. This means that the seeds of 13 and 25 words are not compatible - it is not possible to create an Electrum type account that matches the MyMonero type account (and vice versa) because viewing key pairs is always different.

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By default, electrum wallets are randomly connected to a set of Electrum servers. From a privacy perspective, this is not a good thing because it discloses your wallet address and balance to unknown third parties. And unfortunately, many public Electrum servers are run by individuals or groups of blockchain analytics companies or worse. Therefore, if you are using an Electrum wallet, it is generally recommended that you run your own Electrum server and then connect the wallet to that server.

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Electrum is easy and fast to use. Your Bitcoin Electrum client does not need to download the entire data chain, only the download section can be used, which is based on the SPV principle proposed by Mr. Tsing. The designer will explain the design model of SPV in detail later.

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According to information posted on social media on December 27th, Electrum's wallet was hacked and nearly 250 bitcoins ($937,000) were maliciously stolen, coinelegraph reported. Electrum later confirmed that the attack included creating a fake version of the wallet and tricking users into providing password information. Reddit user u/ normal_rc that hackers set up a large number of malicious servers. Electrum responded on Twitter today that "this is a persistent phishing attack against Electrum users" and implored users to check the effectiveness of the resources they log on to.