Homework on Role of Wallets - Questions

Blockchain and Bitcoin 101
#3110

BTC Wallet stores Private keys and uses them to sign transactions. It also can check ballance of BTC that owner has.

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#3111

1 bitcoin wallet stores your private keys and manages the interaction with nodes ie sending transaction

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#3112
  1. Describe in short what a bitcoin wallet does.
    Bitcoin wallet stores the private keys . It’s used to sign and validate the transactions
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#3113

Wallets don’t store any crypto, only the keys to access them on the blockchain. :slight_smile:

#3114

a bitcoin wallet stores your private key and creates and signs transactions, then sends the transaction out to network.

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#3115
  1. Describe in short what a bitcoin wallet does.
    A bitcoin wallet holds the private keys which signs transactions and communicates with nodes on the blockchain
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#3116

A bitcoin wallet is used to store your private key and that private key is used to sign transactions that are broadcasted to the blockchain.

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#3117
  1. stores your private keys, generates your public keys, signs your wallets transactions, holds your balance through verifying with the blockchain.
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#3118
  1. Describe in short what a bitcoin wallet does.
    A bitcoin wallet stores your funds. Not really!.. It stores your private key which gives you access to your funds that are stored in the blockchain. A wallet allows you to send and receive funds.
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#3119

Create your private keys, generates public keys, broadcasts transactions.

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#3120

Describe in short what a bitcoin wallet does.

A bitcoin wallet holds the public key and the private key for a bitcoin address. The wallet allows you to receive and send bitcoin.

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#3121

A bitcoin wallet stores private keys also create, sign, xfer funds and then will broadcast those funds to the blockchain.

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#3122

A bitcoin wallet holds the private keys and sign the transactions

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#3123

A BTC wallet stores your private keys and is used to create, sign and broadcast transactions to the blockchain

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#3124

A bitcoin wallet stores your private keys, signs transactions, broadcasts transactions in an unconfirmed state, and queries the blockchain to display balances.

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#3125

A BTC/ Crypto wallet simply stores and protects (to a varying degree) your public and private keys. It also communicated with the network either by downloading the blockchain itself, or communicating with multiple nodes to check the latest changes etc.

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#3126

A wallet stores your private key and when a transaction is created that key will sign the transaction

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#3127

A bitcoin wallet holds your privates keys which initiate transactions that are sent to the blockchain. Your wallet will create and sign selling transactions as well as receive and notify you when you have new funds to spend.

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#3128

A Bitcoin wallet stores your funds on the wallet.

The most secure one is a Cold wallet that has no acess to the internet therefore it cannot be moved until activated by the owner.
Bitcoin wallet stores your private key and creates and signs transactions that you send or receive.

#3129
  1. It stores your Private key, essential to sign or you transactions
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