Every Sparrow wallet has the following details: Field You are now shown the Settings screen for your new wallet. Creating Your First WalletĮnter a name for your first wallet and click New Wallet: There is no additional configuration necessary.įrom here, you can proceed to click Create New Wallet. Note that the URL in the dialog might be different for you, since Sparrow selects a server randomly if one is not configured. Read the best practices guide for further information in considering which approach is right for you. Your funds are never at risk, but your privacy is shared. In that case, you should only connect to a server you trust. Warning: It is not advisable to use Sparrow with a public server if you plan to store any significant funds. Sparrow Server SetupĪfter you have completed the Welcome wizard, click Configure Server and you will see the following dialog: The toggle will change color depending on which one of the 3 types of connections you are using. The Welcome screen also explains how you can switch between online and offline mode at any time when using Sparrow with the toggle button that appears in the status bar. It is not recommended to do this for any significant funds, but it’s a simple way to start using Sparrow. This means sharing your public key information (and thus your privacy) with whoever is running the server. In this guide, we’ll being connecting to a public server. There are 3 ways to connect Sparrow to a server to view your balance, and send and receive transactions: You can also use Sparrow offline to verify wallet addresses, and analyse and sign transactions and messages. Welcome to SparrowĮvery new Sparrow installation starts with a Welcome wizard to explain the different ways of connecting Sparrow to the Bitcoin blockchain. Once verified, install and run Sparrow as normal for your operating system. You cannot be targeted with fake bitcoin transactions, ensuring complete safety for you and your assets.Sparrow can be downloaded from the Download page.īe sure to follow the instructions on the page to verify your download before proceeding. Lastly, you are protected from any potential malicious agents that are running full nodes and are supported by the Electrum Wallet. In addition, nobody can receive additional information about you through various IDs and IP addresses that your devices use. Since you will be running the node that facilitates the transaction, you can rest assured that your transactions are following the Bitcoin rules. Using an EPS means that you are completely self-sufficient to utilize the full extent of the Bitcoin network. Using electrum locally, you can send and receive transactions, but they will be going through a full node that you don’t control. The regular Electrum wallet does not fully sync to the Bitcoin blockchain, but instead, it relies on the Electrum selected servers that we mentioned before. Your wallet and transaction capabilities will be available 24/7 instantly, but at the same time you will not have the same level of privacy compared to a full node implementation. Running Electrum locally means that you are using the Electrum servers and trust them to follow the rules of Bitcoin. It eliminates the need to perform a lot of server backend development and makes it easy for people without significant development experience to be able to run their full node supported Bitcoin wallet. It’s an implementation of the Electrum server protocol designed to be used with Electrum and a full node for a single user. The Electrum Personal Server was created to make using the Electrum Bitcoin Wallet more secure and private by enabling users to connect their wallet to their own full node. What is an Electrum Personal Server (EPS)?
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