Bitcoin Future: backup electrum dat

electrum incorrect seed, Electrum Copycat Crypto Wallet Steals Seed Keys

According to GitHub, Bitcoin Desktop Wallet client Electrum has released a 4.0 beta version, adding several important updates that support lightning networks. Electrum primarily adds features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers), and Submarine Swaps (subliminal switching).

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Multisig solves vulnerabilities in existing methods by using multiple private keys. In this scenario, transactions cannot continue unless all required private keys are provided. This makes any individual key useless to thieves because they need to steal all of your private keys to make it work. This is no different from what banks have been doing for decades, because some banks need to sign checks multiple times to process them.

electrum crashing, Electrum Crashed

However, after electrum officials said in early 19th that some security mechanisms should be put in place to prevent this "update phishing", many users of Electrum are still in the old version.