It stores your Private Key and creates and signs transactions on the Bitcoin Network.
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1.A bitcoin wallet stores private keys. It will create and sign transactions if users wants to sent or receive coins. The nodes will verify the signature of the peers private key and upon confirmation the process is done.
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- Describe in short what a bitcoin wallet does.
A wallet holds your private keys. It broadcasts transactions and it enables you to sign transactions through your private keys. It does not store any coins.
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- Bitcoin wallet contains/holds your private key, broadcasts transaction to the network & it creates & signs transactions.
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It stores private keys that can sign transactions
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The role of wallets is to store Keys and allows you to “sign” transactions. Host wallets like what centralized exchanges use will not give you access to your private keys and use a server to complete the transaction and to debit or credit your personal account.
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Describe in short what a bitcoin wallet does
So look, there are no physical bank notes, coins, or gold bars in a bank vault somewhere backing up Bitcoin, instead there is a series of records in an electronic ledger on the blockchain that proves you received some quantity of a certain coin or token and have the right to send it anywhere you chose.
A wallet doesn’t hold your crypto assets, it holds your private keys so you can use them to query the blockchain database about your holdings and they allow you to send and receive or otherwise use your assets. A wallet is a program that stores the keys for each different kind of coin, token, or NFT you own It can also hold keys to other kinds of private data like voting information, health records, supply chain data, loans, real estate documents, music, and stuff we haven’t even imagined yet. But that is in the future.
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A Bitcoin Wallet sends and receives transactions. It holds your public and private key. Your wallet signs a transaction with your private key which is sent to many nodes to verify the transactions. Next, the miner validates the transaction and adds it to the block.
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Bitcoin wallet hold private key and sign transactions
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- A bitcoin wallet stores the Private Key associated to your Bitcoin address enabling to release funds to another Bitcoin address
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A bitcoin wallet stores the private key and can receive and sent/sign transactions.
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Homework on Role of Wallets - Questions
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Describe in short what a bitcoin wallet does.
A wallet holds your private key, broadcasts and signs your transactions to the blockchain.
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- Describe in short what a bitcoin wallet does.
- Wallet stores your Private key
- it creates and sign (with your private key) transactions
- broadcast the transaction to the network of computers
- and allows you to read the transactions
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- Describe in short what a bitcoin wallet does.
Bitcoin wallet creates a private and public key used to interact with the blockchain. It signs the transaction with a private key and broadcasts it to the nodes on the network until it confirmed by miners.
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A bitcoin wallet stores private keys and initiates and signs transactions as proof of origin. It broadcasts transactions and reads nodes on the blockchain which update the ledger.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet stores the private keys, create, sign and broadcast transactions and can also query the blockchain to assess the “balance” by summing up unspent tokens across the chain that meets the private keys.
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Homework on Role of Wallets - Questions
1. Describe in short what a bitcoin wallet does.
A wallet stores your private key and uses it to create and sign the transactions that will be broadcast to the network and also to read your balance.
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- Describe, in short, what a bitcoin wallet does.
A Bitcoin wallet is a hosted wallet that keeps your bitcoins in a huge cold storage device with others who have bought Bitcoin. It is not really a wallet, but, when sending Bitcoin, it does store your private keys, create transactions that you instigate, signs your transactions, and broadcast them all the the nodes in the network. When receiving Bitcoin your Bitcoin wallet reads the blockchain and send you your cash.
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A hosted wallet is not your wallet, you let others store private keys for you and don’t store any coins, Bitcoins are stored on the blockchain. 
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1.Describe in short what a bitcoin wallet does.
A Bitcoin wallet stores your private keys, creates and signs a transaction, broadcasts or propagates the transaction to the network. It also reads the blockchain via other nodes in the network to determine how much BTC you hold.
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