Homework on Role of Wallets - Questions

Blockchain and Bitcoin 101
#3230

A bit coin wallet holds your private keys and is used to verify / sign transactions.

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#3231

A bitcoin wallet is a program that stores your private and public keys, creates and brodcasts transactions to the network and reads the blockchain.

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#3232

It store your private keys and signs transactions.

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#3233

A bitcoin wallet stores private keys; creates, signs and broadcast transactions along with read the blockchain

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#3234

1 Stores no COIN! :rofl:;
2 Stores and reads your private keys, not the hosted ones;
3 Create and sign transactions;
4 Broadcasts it;
5 Reads the blockchain, and check your unspent funds;
6 Stores no COIN! :rofl:

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#3235

A Bitcoin wallet stores a user’s keys, creates and signs transactions, broadcasts transactions to the network, reads transactions, and notifies the user when funds are available to spend.

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#3236

A Bitcoin wallet is used to hold your private keys allowing you to sign transactions using public keys. You can have an off line wallet like a Nano ledger which means you have cold storage which isn’t connected to the internet. You also get hot wallets which are online wallets and hosted wallets which are held by exchanges and they store your private keys meaning it’s not your crypto and is open to theft, hacking or fraud.

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#3237

A wallet stores your private keys, creates and signs transaction, then it will broadcast the Transaction to the network and stores information on your balances.

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#3238

Bitcoin wallet stores private key, create and sign transactions.

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#3239

a wallet stores your private key. you use it to sign transactions and send them to nodes. It does not actually store any coins… those are all stored on the blockchain.

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#3241
  1. Describe in short what a bitcoin wallet does.

A bitcoin wallet is the medium that allows signatures to store private keys, which it thens communicates with the blockchain to update the corresponding balance. A bitcoin wallet does not actually possess any cryptocoins.

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#3242

It stores your private keys and signs your transactions.

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#3243

A Wallet is an interface which stores the private Key , if it is a node/SPV it can create and sign the transaction and broadcast the message to the network.

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#3244
  1. A bitcoin wallet sent or receive transaction, to sent a transaction we sign with the private key and sent to the network, but is no confirm yet because is not in the blockchain.
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#3245

A bitcoin wallet stores the private keys of your cryptos and creates and signs transactions that are then broadcast to nodes that verify the transactions on the blockchain.

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#3246

Describe in short what a bitcoin wallet does

A bitcoin wallet is a software program for holding and trading Bitcoins. Wallets contain a private key for security in order to correspond to the Bitcoin address of that wallet.

2241×1368

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#3247

A Wallet stores your private keys and broadcasts your transactions and public keys.

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#3248

Btc wallets hold the private and public keys. It signs transactions and broadcasts that to nodes. It will also keep track of balance if connected to the internet

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#3249
  1. Holds your private key to sign output transactions from your wallet address.
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#3250

A bitcoin wallet stores your private keys. It creates and signs transactions when sending bitcoin and then broadcast the transaction to the network.
And, it reads the blockchain and notify you that you have funds to spend when you receive funds.
Note that a wallet doesn’t store any coin, just private keys.

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