- sends and receives your crypto - even thou the coins do not exists, store your private keys
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You merely access the funds on the blockchain, a wallet doesn’t store any funds. 
- Describe in short what a bitcoin wallet does.
A wallet is an item that holds your private keys and allows you to sign transactions so that they can be entered onto the blockchain.
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Homework on the Role of Wallets - Questions
Q1: Describe in short, what a bitcoin wallet does.
A1: A wallet stores your private and public keys so you can make secure transactions on the blockchain.
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- Your wallet stores your private key, it signs transactions and broadcast transactions to the network. It will also notify you that you have unspent funds whenever you receive a transaction. It does not store the funds.
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- Cryptowallets doesnt own your coins they just have your private key where you can sign transacitions.
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Wallet is the piece of software which creates transactions for user after digitally signing with help of private keys created by the user. The private keys are also stored in the wallet. Wallets will have the means to store or query a copy of blockchain ledger.
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- A bitcoin wallet stores private keys and initiates transactions and allows the owner to sign transactions with their private key. The wallet also creates a public key known as the address from the private key. It requests updates from the blockchain to read balance for account. Coins are stored on the blockchain and not the wallet.
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- It safely stores your private keys ,and keeps a record of your transactions
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A bitcoin wallet
-> stores our private keys
-> initiates and signs our transactions
-> broadcasts our transactions
-> reads the blockchain
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A bitcoin wallet will generate a public and private key. When generating a new transaction a bitcoin wallet will sign it with the private key then broadcast the transaction to the network where all the nodes will either accept or reject the transaction. If the transaction is accepted it remains unconfirmed until a node that is also a miner decides to add the transaction to the blockchain.
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- A bitcoin wallet holds the private keys that have access to your UTXOs. A wallet is also able to create and sign transactions. Also they can broadcast a message and read the blockchain.
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Wallets are where private keys are stored. When you want to send or receive funds, your wallet creates a transaction using your private key. The private key is used to sign the transaction. It is then broadcast out to the nodes in the network to be verified by a miner. Once it is added to the blockchain by the miner, it is considered verified. It is stored in the blockchain throughout all nodes in the network. The blockchain notifies you once a transaction is verified if you are receiving funds from someone else.
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Yes Alko89 you are right. I did not mean it in that sense. I expressed mt self wrong. What I mean is that your wallet hold your private keys with which you can construct and sign tx with.
- Describe in short what a bitcoin wallet does.
A bitcoin wallet actually only saves your private key, it saves the transactions that passed in the blockchain. So no coins are exchanged the only thing that was transferred is what the blockchain knows, for example I have sent 1BTC to ivan and it is written in the blockchain like that. The wallet just keeps my private key, signs the transaction.
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1. Describe in short what a bitcoin wallet does.
A bitcoin wallet holds your private keys, creates and signs transactions, broadcasts them to the blockchain and reads the blockchain. No coins are stored on the wallet
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Describe in short what a bitcoin wallet does
A bitcoin wallet stores your private key, it is used to sign and verify a transaction.
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- A bitcoin wallet holds your private key and is used to create your public key. it is also used to create ,sign and broadcast transactions.
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A bitcoin wallet is a program that has ability to construct transactions, sign transactions and broadcast to the network, it also has your private keys.
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A bitcoin wallet stores private (and public) keys. It doesn’t store coins.
With the exception of paper wallets, a wallet can also receive and sign transactions (with the stored private key). Those signed transactions can then be send to a bitcoin node which will broadcast them to the bitcoin network to get included in a future bitcoin block. A online wallet might also be able to read the blockchain.
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