Bitcoin Future: electrum clearnet

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At this time, the SPV-based Electrum wallet became the new favorite of Bitcoin players. Especially for small partners who are new to Bitcoin, editors recommend using electrum wallets.

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In December 2018, Slow Fog first discovered and alerted an attacker to a messaging flaw using the Electrum wallet client, forcing an "update prompt" to pop up during a user's currency transfer operation, inducing users to update and download malware to carry out a currency theft attack. Although electrum officials said in early 2019 that some security mechanisms would be put in place to prevent this "update phishing", many users of Electrum are still in the old version (less than 3.3.4) and the old version is still under threat. However, we do not rule out a similar threat to the new version.

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GitHub recently updated its Terms of Service to say that GitHub Enterprise Server and the information users upload to any product may be subject to U.S. export control laws, including the U.S. Export Administration Regulations (EAR). Under EAR rules, GitHub Enterprise Server does not export to Cuba, Iran, North Korea, Sudan and Syria. Some articles commented that this may be affected by the Sino-US trade war, but there is no China on the list. Most digital currency codes are known to be stored on GitHub, and panic over Microsoft's acquisition of Github in the middle of last year led to a massive move in of Gitlab, Github's rival.

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There were many reports of DNS usage last year, and in 2020, operations on invisible networks will still be interesting. Just recently, Chainalysis, a blockchain monitoring company, released a report showing that DNM payments have doubled for the first time since 2015. Not only has the value of BTC sent to DNM increased? 70%, and Chainalysis also noted that DNM may accept privacy with a focus on monero (XMR).

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In recent days, Coinbase, a California-based company, has been plunged back into a class-action lawsuit accused of violating the state's Unclaimed Property Law by conducting illegal and unfair business practices. Coinbase is understood to allow users to send BTC, ETH, LTC and BCH to an external email address, with a link that the recipient can click on to create a Coinbase account to claim the digital currency sent. Not every email, however, is claimed in digital currency. Users questioned how Coinbase handled these "masterless finances", arguing that it had illegally occupied unclaimed digital currency without notifying the original sender.

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I hope that people who read this article can stop and think about a way to easily send money to someone over the Internet. Not just the people around you, but people at the other end of the world, speaking different languages and trading in different currencies.

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Hackers launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to The Devi Security Lab. Hackers used botnets of more than 140,000 computers to attack Electrum nodes and simultaneously deployed malicious nodes. When a user connects to these malicious nodes and sends a transaction using an older version of Electrum, the user is prompted to update the client carrying the backdoor. If the user installs the client as prompted, the private key is stolen and all digital assets are lost. Millions of dollars of digital currency have been stolen, according to Electrum officials. De-dimensional Security Labs recommends that users of electrum wallets be updated to the latest version of the client through the official website and never use the link in the prompt message.

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Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on electrum servers, which presents some security and privacy trade-offs. If you use an Electrum personal server, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.