When you use an address (receive Bitcoin a new one is automatically created. All you have to do to use the new address is click the arrow to the right of your QR code in your Bitcoin wallets receive window. M replaces bitcoin addresses with your name.
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Most devices require an encryption code or password upon initializing. By default your wallet has a key pool of 100 keys. The keypool is topped up when possible to always contain 100 unseen addresses. These wallets are immune to viruses and types of Trojans that infect software wallets. There are plenty of wallets that claim security for their customers. You're in complete control over the security of your coins with the software.
Each hardware wallet has a different protocol for establishing a secure encryption. There are a few wallets that take up less space on your hard drive. Hive, for example, is only available for Macs and includes an app store that connects to other bitcoin services. You'll need all the blocks in chain before you can send or receive any transactions. The reverse isn't true. Take a look at some of the premier hardware wallets: Pi Wallet uses cold storage and does not have wireless capabilities. 3, each have their own installation quirks.
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