Updating your Bitcoin customer: a step by step guide
As cryptocurrency popularity continues to grow, more users are turning to Ethereum (ETH) as a viable alternative to Bitcoin. If you are using an older version of Bitcoin and want to upgrade to version 1.0 (also known as Lightning Network), your client’s update is relatively direct. However, it is essential to take the necessary precautions to minimize the risk of losing your wallet.
Why update?
Update for Ethereum allows you:
- Enjoy the enhanced and safety features
- Access new use cases and applications built on the Ethereum network
- Improve your overall cryptocurrency experience
Prerequisites:
Before you start, make sure:
- You have a configured bitcoin wallet (for example, Electrum or Myetherwallet)
- Your computer meets the minimum system requirements for the installation of the Ethereum customer
- You have an active internet connection to download and update the latest version of the Ethereum customer
Updating for Lightning Network (version 1.0)
To update your Bitcoin customer to the Lightning Network version 1.0, follow these steps:
Step 1: Download the latest version of the Ethereum customer
- Go to Ethereum’s official website ([ ( and browse to the “Downloads” section.
- Select the latest version of the Ethereum customer for your operating system (Windows, MacOS or Linux).
- Run the downloaded file and follow the installation instructions.
Step 2: Update your bitcoin wallet
- Open your existing bitcoin wallet software (for example, electrum) and make sure it is compatible with the lightning network.
- If you need to update your wallet, go to Settings> Options> Wallets or Preferences and select “Bitcoin” as the type of wallet.
Step 3: Update your bitcoin wallet configuration
- Open your Bitcoin Wallet software and navigate to the Preferences or Settings menu.
- Look for the option to activate the lightning network support (if not activated).
- If you need to update other setting settings, follow the warnings to make it.
Step 4: Update your Ethereum client
- After updating your Bitcoin Wallet software, go back to the Ethereum website download section.
- Select the latest version of the Ethereum customer for your operating system and run the installation file.
Additional security measures
To further minimize the risk of losing your wallet:
1.
- Use the authentication of two factors (2FA) : Activate 2fa to add an extra layer of security when logging in to your Ethereum account.
- Keep your operating system and updated portfolio software : Regularly update your computer’s operating system, Bitcoin Wallet software and Ethereum customer to ensure you have the latest security patches.
Conclusion
Bitcoin’s update to the Lightning version 1.0 is a relatively direct process. Following these steps and taking the necessary precautions to protect your wallet, you can experience the benefits of this new and exciting technology, minimizing the risk of losing your cryptocurrency participation.