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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.

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To continue, users must activate their two-factor authentication (2fa) to add additional security. In 2fa, users can download Google Authenticator and sync their account with their ItBit account. The user will then have to scan the QR code of their account in the authenticator to activate 2fa. After the user tries to log in, he receives a 6-digit code on the registration number.

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Vulnerabilities were found in Electrum and Electrum-LTC. It has been fixed in Electrum-LTC 3.0.5.1. If you are running an earlier version, update your software.

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The fact that not many people know is that Esplora is bundled with a based and optimized Electrum server. This Electrum server is derived from Electrs and is now maintained separately by the Blockstream engineering team. Over the past two years, Esplora has become one of the fastest and most scalable Electrum server solutions available for Bitcoin due to continuous updates and performance optimization. Esplora is also the only Electrum server that supports liquid networks.