- Describe in short what a bitcoin wallet does.
A crypto wallet is a digital storage for your crypto to receive and spend. It uses 2 different keys. A public key where anybody can send you crypto and a private key that you hold to protect your crypto
1 Like
- Describe in short what a bitcoin wallet does.
A bitcoin wallet stores a user’s private and public keys. It the uses these keys to either create and submit transaction to the bitcoin network or to query the bitcoin network to get the current funds available in the wallet using the public key.
1 Like
Stores Private keys and sign transactions, there are different types are wallets such as an application that stores PKeys, hardware wallets that interacts with an application to sign transation.
1 Like
The Role of the Wallet is the create or sign digital signature and/or broadcast a transaction to the autonomous nodes. The wallet holds your private keys and will encrypt your transmission out of your network into the public domain when broadcast.
1 Like
Bitcoin wallets hold private keys and sing transactions. Wallets can be Cold or Hot Wallets: Hosted Wallets, SPVs, Nodes, Paper Wallets.
1 Like
A bitcoin wallet holds your private keys, creates public keys, and signs transactions that are then broadcast to the blockchain. Coins are not held within the wallet, but rather the private keys communicate with the database to determine how many coins are associated with the keys in the particular wallet.
1 Like
- Bitcoin wallet stores private keys and uses them create and sign transactions on the network.
1 Like
1.Describe in short what a bitcoin wallet does.
The wallet holds a private key and generates and broadcasts transactions to the network.
1 Like
The app that allows you to interact with blockchain. It holds the private and public keys. Check your funds balance by reading the Blockchain. Creates transactions (signatures). Broadcast your (unconfirmed) transactions. Receives transactions.
1 Like
A bitcoin wallet store your private key. there are different types of wallet: hard wallet, hosted wallet but also can be paper wallet. the important is that they store your private key
1 Like
Describe in short what a bitcoin wallet does.
A bitcoin wallet contains your private key and either hosts a node, or communicates with a hosted node to sign transactions and keep balances.
1 Like
Stores your private keys, detects and broadcasts transactions
1 Like
A bitcoin wallet stores your private key information and uses it to sign transactions you make.
1 Like
- Bitcoin wallet stores your private key, signs ordered transactions and reads your account balance from blockchain.
1 Like
A bitcoin wallet holds your private keys and lets you sign and create transactions.
1 Like
[quote=“ivan, post:1, topic:8437”]
Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private key and creates, signs and broadcasts transactions to nodes to verify and add to the blockchain.
1 Like
in short a bitcoin wallet stores your private (and public) key and communicated with the blockchain (use of SPV or a node) when you sign a transaction.
1 Like
Node
Networking
bit coin wallet that holds only BTC??? … A node is an electronic router or a device that is attached to a network such as a computer now a phone thanks to a ARM chip, and is capable of creating,A.i…,true \, receiving, or transmitting information over a communication channel. A passive distribution point such as a distribution frame n patch panel is not a node.so it wont work to be a wallet ,one of my 1 st post so haters read some wear else …i know what btc wallets are for just BTC.would be a safe.*^
A bitcoin wallet stores your private key, and is used to sign transactions
2 Likes
Homework on Role of Wallets - Questions
1. Describe in short what a bitcoin wallet does.
A wallet in the bitcoin ecosystem stores your private key. When sending bitcoin your wallet creates and signs a transaction which will then be broadcasted to all different nodes. If you receive bitcoin your wallet just reads the blockchain and notifies you if you have received funds.
2 Likes