- Bitcoin wallet stores private keys, send/receives bitcoin - create, sign & broadcast transactions.
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- creates private and public keys
- stores private keys
- creates, signs and broadcasts transactions
- reads the blockchain
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- a btc wallets stores your private keys and lets you send and receive btc
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[quote=“ivan, post:1, topic:8437, full:true”]
Homework on Role of Wallets - Questions
- Describe in short what a bitcoin wallet does.
A bitcoin wallet:
a. stores your private key.
b. creates and signs transactions for you.
c. broadcast transactions to the blockchain.
d. reads the blockchain and notifies you when you receive transactions.
Your wallet does not store coins.
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Stores Private Keys, signs transactions. It does not contain “bitcoins.” 
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A bitcoin wallet stores private key, creates and signs transactions when sending. Reads the blockchain and notifies you there are funds.
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- Describe in short what a bitcoin wallet does.
It stores your private keys.
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- Describe in short what a bitcoin wallet does.
A. Wallets send and receive funds. When sending funds, your wallet will create and sign a transaction before broadcasting it out to the nodes on the network. When receiving funds, your wallet will read the blockchain, verify a consensus, and notify you of the transactions.
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It stores your private keys signs and share transactions
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- Describe in short what a bitcoin wallet does.
Stores ones private keys on the cloud, kinda like a virtual wallet.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet is responsible for creating/holding a private key, creating and signing bitcoin transactions with the private key, broadcasting bitcoin transactions to other nodes in the network and reading the blockchain.
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a bitcoin wallet allows you to send or receive bitcoin, transaction is assigned with private key (digital signature)
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A bitcoin wallet stores your private keys and signs transactions
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A bitcoin wallet stores a private key which is used to sign transactions.
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Describe in short what a bitcoin wallet does.
The wallet contains private keys
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Bitcoin wallet stores a private key which is used to sign (digital signature) transactions (sending/releasing your unspent balances).
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wallets store private keys.
wallets sign transactions using private keys and broadcast the transaction to the network.
wallets will notify the user if bitcoin is received
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet is based on a private + public key pair and an address (a hash of your public key) that can be used by others to send transactions to the wallet. The owner of the wallet can send transactions from the wallet by signing them with the private key and broadcasting them to the network. The balance of a bitcoin wallet is tracked on the blockchain, so anyone can verify the amount of funds in a particular wallet and the transactions associated with that wallet.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private key with a pairing to a public key. With the private key it will create and sign transactions on the bitcoin blockchain. Which will be broadcast out on to the network for the public to see and verify on the ledger. There’s actually no coins in the wallet, just your private key. It also reads the blockchain to notify the owner of the wallet when they have received any bitcoin.
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Bitcoin wallet stores bitcoin currencies and is able to send bitcoin to the other wallet. While sending it, it signed the transaction with its private key
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