Homework on Role of Wallets - Questions

Blockchain and Bitcoin 101
#2910
  1. Describe in short what a bitcoin wallet does.

it stores the private key that gives you access to the blockchain.

1 Like
#2911

1. Bitcoin wallet stores my private key and i can check my account balance there(paper wallet stores only private key).

1 Like
#2912
  1. A bitcoin wallet stores your private keys, signs transactions and updates your balance.
1 Like
#2913
  1. It stores your private keys, creates and signs transactions, broadcast them and reads the blockchain to receive funds.
1 Like
#2914

A bitcoin wallet is a software program in which bit on are stored

Technically bitcoin are stored anywhere from every individual who has a balance in bitcoin wallet. There is a private key (secret number) corresponding to revision address of the wallet.

Bitcoin wallet is not a physical items but a software program for holding and trading bitcoin

wallets contains a private key for security.The key corresponds to the address of the wallet

The four this of bitcoin wallet are desktop mobile web, and hardware

1 Like
#2915
  1. it holds the private keys, sign transactions and broadcast them to the network.
1 Like
#2916

A bitcoin wallet does not hold any coins. It only holds the private key which allows the wallet holder to sign transactions from that address with the corresponding public key.

1 Like
#2917

BTC Wallet stores password and signs transactions.

2 Likes
#2918
  1. A bitcoin wallet stores your private keys, sign transactions and check your balance
1 Like
#2919

The wallet only stores the keys (and sign transactions) but Bitcoins are stored on the blockchain. :slight_smile:

#2920

If by password you mean private key. :wink:

1 Like
#2921

Bitcoin wallet stores your private key, send and receive payments, brodcast, and read the blockchain

2 Likes
#2922
  1. Describe in short what bitcoin wallet does.
    BTC wallet is a program that stores your private keys and it’s for sing transactions
1 Like
#2923
  1. Describe in short what a bitcoin wallet does.

A bitcoin wallet holds your private and public key and is used to receive and send transactions.

1 Like
#2924

A Bitcoin wallet stores your private keys which can be used for transactions.

2 Likes
#2925
  1. Describe in short what a bitcoin wallet does.
    A wallet is a piece of software which do not contain any coins itself but your private keys which are needed to create and sign transactions.
    It also broadcasts transactions and notifies the user when funds arrive.
2 Likes
#2926

Stores currency, signature, and private keys, and broadcasts transactions.

2 Likes
#2927

A bitcoin wallet stores your private key. It signs transactions when you send and reads transactions when you receive.

3 Likes
#2928

bitcoin wallet stores your private keys and is also used to sign your transactions

3 Likes
#2929

Bitcoin wallet holds a private key and traces the unspent transaction outputs which can be used for future transactions

2 Likes