Bitcoin Future: multi signature wallet electrum

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The main reason for the Trezor vulnerability is that it does not have built-in multi-signature functionality, so its multi-signature implementation is to support Electrum extension. This led to an attack on electrum, and Trezor was affected.

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When an organization stores large assets, hardware wallets with multi-signature capabilities are selected for the convenience of multiple people to manage assets together. At present, bit-based bit shield, knife front is the most supported multi-signature currency hardware wallet, in addition to supporting BTC, USDT (Omni version), EOS multi-signature, but also the only support ETH, USDT (Ethernet), ERC20 Token multi-signature hardware wallet. Therefore, bit protection shield, knife front has been the exchange, institutions, large households of the preferred wallet of the currency.

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Cold Wallet is an offline wallet that is disconnected from the Internet and stores digital currency offline. The user generates a digital currency address and private key on an offline wallet and saves it. Cold wallet is in the absence of any network to store digital currency, so it is difficult for hackers to enter the wallet to obtain the private key, but it is not absolutely safe, random number insecure will also lead to this cold wallet is not safe, in addition to hardware damage, loss may also cause the loss of digital currency, so it is necessary to do a good job of key backup.

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DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

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Digital wallet developer Electrum has released an emergency patch saying it found a vulnerability that could lead any website hosting Electrum to steal a user's digital currency, exposing passwords to the JOHNSONRPC interface and ingelling hackers full control of the wallet. Earlier, Electrum released the first patch, but it didn't seem to solve the problem, and they released a second update urgently Sunday night local time.

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Qtum Electrum is a Qtum desktop light wallet modified from the well-known Bitcoin wallet Electrum. Compared to the current Qtum Core full-node wallet, Qtum Electrum takes up less disk space and takes less time to synchronize chunks, supports multi-signature and hardware wallets, supports cold wallet mode, supports the import of mnomes into mobile wallets, and uses SPV authentication to ensure security.