Bitcoin Future: xpub in electrum

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In a blog post, Malwarebytes, an antimalware software company, said the number of infected Electrum Bitcoin wallets had reached 152,000 after the server was attacked by DoS, and the total amount of stolen funds had risen to $4.6 million, Cointegraph reported. The company identified a loader called Trojan.BeamWinHTTP, which also involved downloading previously detected Electrum DoSMiner. The largest number of robots are concentrated in Asia Pacific, Brazil and Peru, and botnets are growing to attack Electrum infrastructure.

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The disadvantage of layered determinist wallet derived standards is that they do not match the address format criteria. Because BIP32 does not specify an address format for a given derived path, wallet developers recommend modifying bytes of the extended public key. As isolation witnesses are activated on Bitcoin, the way the address public key is encoded increases. Although BIP49 presents a way to compile the P2WPKH embedded P2SH address, it cannot change the HD seed version byte (retaining the xpub prefix), causing transient user confusion. The user must know that xpub is derived from BIP49, or that the consumer of xpub must scan two address spaces.

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Blockchain Web Messaging, the veteran Bitcoin desktop wallet client Electrum released a 4.0 beta version, adding several important updates, including support for the Lightning network, nearly a year after Electrum's last release, 3.3.8 (last July). In the 4.0 beta version, Electrum primarily added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers), and Submarine swaps (subliminal switching).

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A recent study by Peter Kacherginsky, a coinbase blockchain security engineer, found that at the peak of Electrum's Bitcoin wallet malware activity, more than 70 percent of its networks were controlled by attackers. According to earlier information, Electrum wallet was attacked by phishing, nearly 250 bitcoins were stolen. (The Daily Swig)