A bitcoin wallet stores your private keys and signs transactions
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- A Bitcoin wallet will store your private key and use it to sign transactions.
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The wallet doesnât store any coins, only the keys. Coins are stored on the blockchain 
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A bitcoin wallet holds your private keys. It allows you to read messages that were sent to your public key. Also a bitcoin wallet allows you to sign transactions with your private key.
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A Bitcoin wallet stores your private key, creates a public key, creates and signs transactions, broadcasts to the network, reads transactions on the blockchain.
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A Bitcoin wallet is a conduit which stores your private key. The private key is a secret code that when added to a transaction, means you authorize a Bitcoin transaction. No transaction can be started without a private key. The wallet does not store coin, just the key. The Bitcoin Blockchain keeps track for everyone whoâs coins are associated with each address. No need to hold coins.
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[quote=âivan, post:1, topic:8437, full:trueâ]
Homework on Role of Wallets - Questions
- Describe in short what a bitcoin wallet does.
A bitcoin wallets allows access to read the blockchain and sign(create) and receive transactions.
The bitcoin holds both your public and private keys
The wallet does not store âcoinsâ
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- Describe in short what a bitcoin wallet does.
A: The wallet stores private keys and signs transactions; there are no coins involved.
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A bitcoin wallet allows the account holder to interact with their account on the bitcoin network. It adds a layer of protection by locking in the PPK information which the user can then unlock with a password or mnemonic. In this way, the user can query and make transactions without passing the private key around, which is be an attack vector for moles, trojans, and viruses.
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- A bitcoin wallet stores a private key with which you can transact (which is basically just authorization to change âyourâ account in the database)
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Bitcoin wallet stores your private key, create and sign your transactions.
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A Bitcoin wallet stores and creates cryptocurrency information/transactions and holds the personnel private key to sign transaction requests.
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It stores your private keys, it creates and signs transactions, it broadcasts and receives transactions.
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Homework on Role of Wallets - Questions
- Describe in short what a bitcoin wallet does.
Itâs like a bank thatâs in your digital wallet. It creates and manages your public and private keys. Signs transactions. Calculates balances from UTXOâs on the network. And broadcasts transactions to the network.
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A bitcoin holds your private key and creates signatures to communicate and make transactions.
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Bitcoin wallet stores the private keys and enables access to send and receive funds via the blockchain.
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- Describe in short what a bitcoin wallet does.
Ans: A bitcoin wallet stores the private key and also generates a public key. Both keys are used to send and receive bitcoin using the blockchain.
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A bitcoin wallet stores your private key and will create a transaction, sign that transaction and broadcast that transaction to the blockchain. When you receive funds it will also read the blockchain and notify you that you have funds to spend.
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Bitcoin wallet is a software program in which coins are not stored anywhere. Instead,it securely stores our private keys which are used to create and sign the transactions and broadcast it to the network in order to send funds, or read the blockchain to notify us in order to receve funds.Also it is able to check our unspent funds.
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- A Bitcoin wallet stores your private key it also creates transactions and signs them so they can be broadcast to the network. Bitcoin wallets also receive funds, read the blockchain and notify user of incoming transactions.
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