- Stores private keys . Creates and signs transactions. Propagates transaction to network
1 Like
- A bitcoin wallet is an entity that has its own unique private key which allows it to sign and confirm transactions in and out of the wallet.
A wallet doesnât confirm a transaction. A confirmation means that a miner added your transaction into a block on the blockchain. Wallets hold your private keys wich you can use to send bitcoin. Your Wallet will sign the transaction and broadcast it to the bitcoin network. Your Wallet will scan the blockchain to see if you have bitcoin associated with your keys.
Correct, bad phrasing of mine! Was thinking about the Ledger Nano and Coinbase example, where the Hardware wallet signs the transaction but it is incorrect to say it would âconfirmâ it. Thanks for the correction =D
1 Like
A BTC wallet store our private key. It create and sign transactions then broadcast the transactions to the nodes.
2 Likes
A bitcoin wallet stores your private keys - this is basically access to unlock the coins that you own. When using Bitcoin your wallet will create and sign transactions and broadcast them to the network. Your wallet will also recieve transactions when it reads the blockchain - upon these transaction requests a node will simply update the database of what coins belong where.
1 Like
- A wallet is an app that stores the UTXOs sent to it, it stores your private and public key.
A wallet does not store your UTXOs, just where they are on the blockchain and their value so it can display your balance. 
2 Likes
A bitcoin wallet mainly stores private keys. Wallet also creates, signs and broadcast transactions and communicate with nodes to check your balance.
1 Like
Describe in short what a bitcoin wallet does.
A bitcoin wallet stores private and public keys
1 Like
A bitcoin wallet holds your private keys. When you want to send bitcoin, the wallet creates a transaction and then broadcasts it to the blockchain. It also reads transactions.
1 Like
- A wallet stores private keys, creates and signs transactions, reads the blockchain and broadcasts transactions.
1 Like
- Describe in short what a bitcoin wallet does.
A: A bitcoin wallet holds your private keys. It uses your private keys to sign transactions. When your transaction is confirmed by nodes and written into the blockchain by miners, the ledger is updated (your account is reduced by the amount of the transaction and the person to whom you send the funds is credited by the same amountâno coins are actually sent).
1 Like
A bitcoin wallet store your private key
1 Like
- Stores your private keys, creates public keys from your private keys, creates transactions, broadcast transactions, signs transactions, and it reads the blockchain.
1 Like
- A bitcoin wallet allows you to receive and send funds. The bitcoin wallet contains your own private key and public key. It allows you to sign a transaction with your private key. This then gets broadcast and eventually confirmed by a node or miner.
1 Like
Describe in short what a bitcoin wallet does.
A bitcoin wallet will store both the private and public keys. It does not store coins, but it can access the blockchain either by running its own node or by running the lite version such as SPVs, paper wallets, offline hardware wallets, and then query / validate the database of transactions / informations. I see it in a way that there is no actual transfer of coin, but the ownership of the information / digital value is done in the blockchain database. Then you verify the validity of the transactions by having confirmations of many nodes that a transaction has occurred.
1 Like
A bitcoin wallet stores your public and private key and sends and receives transactions.
1 Like
A Bitcoin wallet stores private key but no coins.
It creates, signs, and broadcasts transactions to others. It may read and notify blockchain or query to do so.
1 Like
- Describe in short what a bitcoin wallet does.
- It stores your private keys and carry out transactions.
1 Like