Electrum Wallet: Good for beginners
This FOSS wallet allows the user to create multiple temporary receiving addresses that are all different, but..
Electrum Wallet
New address
Electrum Wallet is a free and open source cryptocurrency wallet that allows the user to create multiple temporary receiving addresses that are all different. These different receiving addresses then feed into a single wallet, which then all feed into the same wallet. The advantage of this is that it obfuscates the public blockchain trail and thus offers the user some low level (weak) privacy for cryptocurrencies that normally do not have any, such as Bitcoin and Litecoin.
Create a Wallet
First, name the wallet
Pick Standard
Create a New Seed
Save the Password
Pick “Recieve” from the Homepage
Create a Request
Hit Create a Request to get a new Bitcoin address
Send to that address:
Notes on Privacy
Drawbacks
There are some drawbacks to Electrum Wallet in that the ultimate final sending wallet address ties them all together. A wallet called Sparrow allows you to see the inputs and outputs to send them separately, but this is really messing with fire, because it’s easy to make a mistake and mix them.
New Wallets
A new Electrum Wallet could be created if the user wishes, but this then would add slightly more cost and time. Each new wallet is a file stored on the hard drive, which is then password protected.
