Homework on Role of Wallets - Questions

  1. Describe in short what a bitcoin wallet does. Bitcoin wallet stores private keys and executes transaction related functions including: signing, creating, and broadcasting.
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A bitcoin wallet signs transactions confirming the transfer of data/currency.

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1.- A wallet generate your private key, and allows you to sign every transaction

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Bitcoin wallet stores private keys, creates, signs & sends transactions.

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The simple answer is that a wallet holds your private keys, creates and signs transactions, and finally broadcasts and reads the blockchain.

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Yes, I need to be more precise with my wording. Thank you for the reminder! :slight_smile:

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A bitcoin wallet stores your private keys that controls your bitcoin.

A hardware wallet is not online and is the safest way to store your crypto.

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  1. Describe in short what a bitcoin wallet does.

a) A Bitcoin wallet is a storage for private keys.
b) Generates public keys and signs transactions.
c) Constructs transactions.

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A wallet contains the private key to the wallets address, it can create and sign transactions, broadcast and read the blockchain.

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  1. To put it in a simplest way bitcoin wallet does store your your private keys that you use to sign transactions.
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stores your private key and signs off when you send and receive bitcoins

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a bitcoin wallet stores your private key with which you can sign transactions

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  1. Describe in short what a bitcoin wallet does.

A wallet does not store Coins. It stores private keys with your data. It does not contain the whole blockchain; it connects to a node to have access to the whole blockchain

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Wallet – Stores private key, it creates and signs transactions and then broadcast to nodes on the blockchain

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A wallet stores your private keys and is used to digitally sign transactions used to send or receive bitcoin or other cryptocurrencies.

Adding info: After building the transaction, and after it is signed, the wallet broadcasts the transaction.

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  1. A wallet houses your digital private key. When you wish to make a transaction the wallet creates the signature that validates the transaction. The app attached to the wallet does the sending, and receiving of transactions.
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  1. Describe in short what a bitcoin wallet does.

A bitcoin wallet essentially just stores you private keys and signs transactions using these private key to prove you are the one sending money/bitcoin

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A Bitcoin wallet host your private key, signs transactions, and displays the account balance of coins assigned to your bitcoin address.

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it creates a signature with a private key
holds cryptos, sends and receives transactions

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