Skip to main content

A friendly reminder : Do not use "Electron Cash" to claim/spend your "Bitcoin Cash"

Yesterday, I got a few twitter notifications where electrum warned about using of "Electron Cash". What is "Electron Cash" ? It's a lightweight HD wallet for "Bitcoin Cash", very likely to "electrum". There is a potential risk of losing your original Bitcoins if you are currently using electrum and if you install both "electrum" and "electron cash" on the same PC. Because, it copies all your "electrum wallet files" into its own directory. And it's too dangerous to use your original "electrum seed" into "electron cash" to import your existing BTC wallets. In addition its binary files are signed with a pseudonym "Jonald Fyookball". I'm astonished that why the creator or developer group want to hide their real identities and wanna keep them as anonymous. If a huge amounts of BTC are stolen via "electron cash" then there will be no chance to trace them. Although, they provide source codes but, when you run binaries instead of source code, you have no guarantee that they match the source code. To avoid these you need to first examine the source codes then compile it to binaries which needs an expert coder.

So, Be Careful :)

Here is a statement from Electrum about "Electron Cash" :
The person who distributes the Electron Cash binaries has decided to remain anonymous, and uses the fake name "Jonald Fyookball" in order to sign Electron Cash binaries. Thus, if these binaries contain code that is designed to steal your bitcoins, the author of the theft will be anonymous and walk away safely with your funds.
 This danger is exacerbated by the fact that the default behaviour of Electron Cash is to silently copy all your Electrum wallets into its own directory. Thus, if you run Electron Cash on a machine where you previously used Electrum, all your pre-existing wallets will be available in Electron Cash, and you will only need to enter your password in order to expose your bitcoins to potential theft.

So, how can you extract your Bitcoin Cash through "Electron Cash" without facing any security issues ? Electrum stated 4 easy steps to do that -

1. Install Electron Cash on a machine that does not have your Electrum wallets. 
2. Wait until the BCC hard fork has taken place, and a few BCC blocks have been mined. 
3. Move all your Electrum funds to a new Electrum wallet. This will move only your BTC, and not your BCC, because the BCC blockchain has replay protection. Wait until the transaction is confirmed. 
4. Enter the seed of your (now empty) old wallet or private keys in Electron Cash. Since the BTC have been moved to a new wallet, entering your old seed in Electron Cash will not put your BTC funds at risk. 
Following these 4 easy steps you will be able to access your BCC without compromising your BTC.
Tweets of Electrum to warn about using Electron Cash

To know more info about danger of using Electron cash please visit here : https://electrum.org/bcc2.txt

Update : My Antivirus are now blocking the website of Electron Cash ; says potential unsafe for visiting this website.


Tags : Bitcoin, Cryptocurrency, Bitcoin Cash, Software, Security, 

This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 







Comments

Popular Posts (Last 7 Days)

Steemit bug found in “TAG”

Steemit bug found in “TAG”
image credit I just found a serious bug on steemit TAG. Today I published a news cum TIL post with 5 tags -
wilt news newslink til steemitnews https://steemit.com/wilt/@royalmacro/what-i-learnt-today-darkweb-raises-funds-for-assassinating-both-donald-trump-and-mike-pence But, my post is visible in only one section in “wilt”. Other tags are not working anymore. I searched frequently in the following sections which I tagged – https://steemit.com/created/newshttps://steemit.com/created/newslinkhttps://steemit.com/created/tilhttps://steemit.com/created/steemitnews My post is invisible in the above sections. It’s only visible in -
https://steemit.com/created/wilt
Update : I just found a solution. I used 4 tags instead of 5. Now, my post is visible to all 4 sections. Tags : Blockchain, Bugs, Cryptocurrency, Steemit,  This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steem…

One Black & White Photograph Daily for 30 days - Day #25

green yard - behind of my village home Camera : Xiaomi
Model : 2014818
Location : Bongaon, West Bengal, India
Snap Taken : 14 March 2016 Tags : Black & White Photography, Flowers & Plants photography, Landscape photography, Nature, Photography, 
This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 

$3 Donation [Fixed]
Donate $Any Amount


Beauty of an Indian Village

Tags :Flowers & Plants photography, India, Landscape photography, Nature, Photography, Village
This Post Was Published On My Steemit Blog
Earned : $33.48 SBD Converted to USD @0.9578$ Rate = $32.0671 USD
First Time heard about Steemit ? Click Here To Know...

Diwali - Festival of Lights & Kali Puja - Worship of Power against evils [Series Photography] #06

Another great festival Diwali & Kali Puja Diwali & Kali Puja is our another awesome celebration. Diwali is the festival of lights and Kali Puja is the worship of goddess Maa Kali. We celebrate this two festivals in the same night. We, Bengalee also call Diwali as Deepawali. Diwali is celebrated every month of October/November (Autumn) in India, Nepal & Bangladesh. In this day every Hindu decorates their home & temples with lights. Kali Puja is also known as Shyama Puja. In the same night of Diwali we celebrate it. The goddess Kali is the symbol of power against evil. In nowadays our city Kolkata wears glamorous attire & illumination. I framed some moments on my camera— (all photographs are original & taken by myself) EPISODE #06See also : Episode #01Episode #02Episode #03Episode #04Episode #05
Estimated Cost : 4.2 Million Rupees

















Newslink : Russia's Tax Authorities Recognize Bitcoin and Other Cryptocurrencies

Russia’s Tax Authorities Recognize Bitcoin and Other Cryptocurrencies image credit  The uncertainties surrounding the use of Bitcoin and other cryptocurrencies have been laid to rest. In a document released on Nov. 29, 2016, Russia’s federal tax service has finally taken a position concerning the legality of Bitcoin use and transactions. The document emphatically stated that there is no legal prohibition of cryptocurrencies.    Read full news on cointelegraph site >> Tags : Bitcoin, Cryptocurrency, Money, News, Economics,  This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 

$3 Donation [Fixed]
Donate $Any Amount


LINES by an unknown author

image credit I just found this poem in a very old book in our local library. There is no author name. I share it here :                         LINES The stars are dim, the moon shines cold, A gentle breeze sweeps o'er the lea, And softly falls the rippling sea,  On jutting reef and headland bold.
The chaffinch, eldest child of May, Impatient in his nest awakes, And with his rustling pinion shakes,  The dew that gems the hawthorn spray.
By mountain paths to pastures new, The lonely shepherd leads his flock, Light wreaths of mist on stream and rock,  Spread filmy veils of softest blue.
O ye, who through the slow-paced night, Have watched and wept, lift up lour eyes, Soon shall the golden morning rise, And crown the eastern hills with light. [COLLECTED] Tags : Poems, Poetry, Life,  This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 

$3 Do…

After Storm in Village, India

After storm in a poor village in India.
Tags :India, Landscape photography, Nature, Photography, Storm, Village This Post Was Published On My Steemit Blog
Earned : $00.00 SBD Converted to USD @1.47$ Rate = $00.00 USD
First Time heard about Steemit ? Click Here To Know...

Dota2 Forum Hacked and 1,923,972 Million User Data Stolen

Dota2 developer forum has endured an enormous security breach in which individual data of almost 2 million registered clients has been stolen!




The official engineer discussion of Dota2 (Defense of the Ancients 2), multiplayer online fight field computer game endured a monstrous information rupture in which individual information of 1,923,972 million clients was stolen.  The information rupture occurred on July tenth, 2016 in which messages, IP addresses, usernames, client identifier and hashed passwords were gotten to and stolen and conveyed to LeakedSource by an obscure sender on August ninth, 2016.  As indicated by their blog entry, LeakedSource information mining organization expressed that passwords were put away utilizing MD5 hashing and a salt. The scientists could change over 80% of them to their plaintext shapes.  The Dota2 designers have recognized the hack and reset the passwords for all gathering client accounts. The security notice illuminates that clients' installment and…

Half Dozen Steem Meme / The Steem Meme Project

At first I give a special thanks to @benjojo who is the best steem meme creator here. I love his meme collections & have not yet missed any single meme post from him. However, I’ve just created a half dozen steem meme and want to share with my steemit friends here — I love animals , so, I used animals in all my meme. meme 1- meme 2 - meme 3 - meme 4 - meme 5 - meme 6 - This is my first steem meme post. I hope you’ll enjoy ….. :) Tags : Funny, Meme, Social Networks, Steemit,  This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 

$3 Donation [Fixed]
Donate $Any Amount


Road To My Village Home - VI

Tags : India, Nature, Photography, Travel, Landscape photography, Flowers & Plants photography,  This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 

$3 Donation [Fixed]
Donate $Any Amount


Back to Top