A crypto wallet holds your private key used to sing transactions. Also holds your public key that can be shared to transfer funds. Wallets can also initiate transactions on the blockchain.
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A bitcoin wallet:
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Stores your private key
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Creates and signs transactions*
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Broadcasts/sends transactions*
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Reads the blockchain (e.g., check bitcoin balance)*
*For the more “practical” wallets
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A bitcoin wallet generates a private key, creates transactions, receives and signs transactioms
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Bitcoin wallet stores private keys that allows to create and sign transaction, which is broadcasted and recorded on to the blockchain
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Describe in short what a bitcoin wallet does:
It keep tracks of your balance/identity, stores private keys as well as creating, signing and broadcasting transactions to the network.
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- Describe in short what a bitcoin wallet does?
A Wallet holds your private keys and public keys, signs transactions and you can send receive transactions.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet is an address that be used to track your Bitcoin balance, sign transactions, and store private keys.
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Bitcoin wallet store your private keys and use it to sign the transactions, while broadcasting transaction to the nodes and also read the blockchain.
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- A bitcoin wallet serves two purposes. It stores the private key, which it can use to sign transactions. It also has a copy of the blockchain and will read it to see if you have received any money. If you have it can notify you.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet lets you sign transactions and read the blockchain, the latter of which can tell you how many BTC you have and so on.
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hold your private keys and can be used to sign transactions
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- A bitcoin wallet is the personal location where your bitcoin is stored through the record of transactions on the blockchain. It can be either a hosted copy of the bitcoin node on computer w a private key, an spv usually a mobile wallet that references a node on the block chain to verify your funds and transactions, a hardware wallet that is disconnected from the internet and is cold storage for your bitcoin (protecting your funds w the most security) or a hosted wallet which is usually a cold storage wallet on an exchange or other private platform and is not decentralized.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet holds the private key and utilises this to create and sign transactions.
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- In short what a bitcoin wallet does is it creates and stores your public and private keys. Using those public and private keys, your wallet provides you with the interface to receive, send and sign the transactions through the bitcoin protocol i.e. but, in reality the blockchain ledger is storing, managing and keeping track of the value associated to your private key. No coins are actually kept in the wallet, just the private key.
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- Describe in short what a bitcoin wallet does.
A wallet stores your private key, creates transactions and signs them with the private key. It also broadcasts the transactions to the network.
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- A bitcoin wallet stores your private key and uses it to sign transactions when wish to transfer funds. It also reads from the blockchain to show any transactions sent to your wallet.
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A bitcoin wallet stores your private keys and uses them to sign transactions and checks your balance.
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A bitcoin wallet stores the private keys and generates public keys to sign and verify transactions.
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A Bitcoin wallet stores a persons public/private keys, creates transactions, broadcasts transactions to the network, and reads the blockchain to understand when you have more funds.
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Describe in short what a bitcoin wallet does
1-Storing your private key
2-creating and signing transactions
3- query from a full node as a wallet does not store the whole ledger due to high volume of info.
4- reading the blockchain and notifying you when receiving a transaction
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