A bitcoin wallet stores your private key and uses it to sign transactions to prove authenticity. It does not store any coins as such. The wallet will broadcast your transactions to the network so that they can be verified and added to the blockchain by the network.
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- The bitcoin wallet stores a person’s private keys, which are used to create, sign and broadcast transactions to the bitcoin network and/or receive and read such. Unlike a normal wallet where you store coins/bills or any type of currency, the bitcoin wallet is really just a method of verifying yourself and giving yourself the permission to broadcast moving money from A to B to the public ledger.
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- A bitcoin wallet is a piece of software which stores your private key and uses it to sign transactions which then are broadcast to the Bitcoin network
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stores and creates public/private keys, signs, broadcasts and reads transactions.
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1. Describe in short what a bitcoin wallet does
A bitcoin wallet does the following:
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Stores your private keys
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Creates and signs transactions
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Broadcasts to the network
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Reads the blockchain to determine if you have funds available to spend
There are no coins in the bitcoin wallet. The network has a complete database of all the transactions that have occurred. When a new transaction is placed and verified, the network will update the entry in the ledger. The bitcoin wallet is able to read the verified transaction record and determines what funds are available for that particular wallet.
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- Describe in short what a bitcoin wallet does.
A Bitcoin wallet stores your private keys, which it can use to digitally sign and create transactions. These can be broadcast to the decentralised network of nodes, which can verify the authenticity of the transaction through the digital signature and corresponding public key, and validate that the private keys the signature stems from relate to an account holding sufficient funds for the transaction to proceed. Wallets therefore do not hold coins. Wallets can also read the blockchain to receive funds.
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Stores your private key to sign transactions, the wallet can also query the blockchain
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1- a bitcoin wallet stores and generates a private key , that is then used to sign transactions , to be verified by nodes confirmed , then picked up by a miner to be added on a block
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a wallet stores your private keys and allows you to sign and send transaction in the bitcoin network,with a non custodial wallet, you are in control of your private keys.
custodial wallets like coinbase hold your keys for you.
not your keys not your coins
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A bitcoin wallet store your private keys, create and sign transactions, share transactions to the network, read the blockchain and notify the available balance.
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Stores your keys and signs transactions
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A Bitcoin wallet stores the private key and generates the public bitcoin address to receive coins. It also can create transactions that are signed by the private key and can send coins to other addresses.
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- Bitcoin wallet stores private key, create transaction and sight it then broadcast it. Then we get bitcoin wallet read blockchain.
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A Bitcoin wallet stores private keys, creates and signs transactions using the respective private key, and communicates with the blockchain network regarding funds. Communication with the network includes broadcasting new transactions to nodes and intermittently reading the state of the blockchain. This allows nodes to verify and update the shared ledger whilst the wallet updates the balance associated with the private key.
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It is used to store private keys, sign transactions to be broadcasted and to check the balance.
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A bitcoin wallet is basically a private key that holds a history of it’s transactions
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A wallet is usually referred to a software that holds the private keys. 
A Bitcoin Wallet stores your private and public keys. It is used to construct, sign and broadcast tx to the BTC network.
A wallet does not actually store “coins” these are recorded on the blockchain. The wallets purpose is to store the private keys and sign transactions. A wallet queries the blockchain to determine its balance.
Hot wallets are wallets (on SPVs or Nodes) that are connected to the internet and therefore have a certain amount of risk.
Whereas Cold wallets are not continually connected to the internet, meaning the private key is not vulnerable to web traffic.
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Homework on Role of Wallets - Questions
- Describe in short what a bitcoin wallet does.
A wallet basically stores the Private Key and signs the transactions. The it communicates to the SPV or a node through and app to broadcast them.
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- The bitcoin wallet store the information about the private key which is required for sigining the transactions and store information about a balance.
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