Wallets create and store public and private keys of users. They create and sign digital transactions. They send these transactions to the network and query the blockchain to let user know about the value of funds that can be spent. There are several versions of BC Wallets: 1) Full Node with entire BC on it 2) SPV with private keys w/o full BC only quotes the Node 3) Paper Wallet: write down keys and then shred 4) Hardware Wallet where keys stored on the USB Ledger with no connection with Internet 5) Hosted Wallets where dealer exchange stores crypto in their hosted wallet (server) mixed with all customers crypto-this not considered a real crypto wallet
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A Bitcoin wallet creates and signs transactions, broadcast transactions to the network and when you receive funds your wallet it will read the blockchain and notify you that you have funds to spend. This is all done through your Private keys which is also stored by the wallet.
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- A Bitcoin wallet stores the private key that is necessary to make transactions. It doesn’t store coins.
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Bitcoin wallet stores the Private Key. Transmits and receives signed transactions.
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Bitcoin wallet holds your private keys and gives you access to the block chain to sign and give you access to the data base.
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- Describe in short what a bitcoin wallet does.
Bitcoin wallet has your Private key, the wallet signs transactions, broadcast the transactions, reads the blockchain and changes the ledger and notify you when you have funds. It does not contain coins.
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- Describe in short what a bitcoin wallet does.
A Bitcoin wallet stores your private keys and is used to create and sign transactions as proof of transaction. No coins are actually stored in the wallet.
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Describe in short what a bitcoin wallet does.
A bitcoin wallet hosts your private keys and from there you can send and receive trasnactions by linking the wallet to a node. It does not actaully hold any coins.
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- Describe in short what a bitcoin wallet does.
A Bitcoin wallet is used to store a private key. It can send out a digital signature and also broadcast transactions, No physical coins are stored on a Bitcoin wallet.
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Wow, you continue to impress me
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A bitcoin wallet, is a place that stores my private key.
When I want to send or receive money it creates that transaction and send’s it out to the nodes/miners for authentication.
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It stores your private key for your Bitcoin address which facilitates your receiving and spending of your Bitcoin.
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- Stores private key
- Constructs a transaction by adding a digital signature
- Transaction is broadcasted across the blockchain and verified across nodes
- Miners will confirm the integrity of the transaction, and if it makes sense, the
new copy of the blockchain is distributed to all nodes - Wallets also can query the blockchain of how much unspent transactions you have and sum them up
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A bitcoin wallet stores your private keys which you can use sign transactions; generates public keys to receive transaction; it holds no coins.
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A Bitcoin wallet is used to store your private keys that is used to digitally sign off transactions. It broadcasts transaction and notifies the user that they have funds available.
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Stores private keys used to digitally sign transactions and generate public keys to receive transactions. It can also query the blockchain to see how much money you have. It is unique for bitcoin and it does not hold any coins.
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it contain the encrypted transactions history and the private key. The encrypted key can be stored on many medium like the hard drive, the flash usb or even on a paper. It needs the internet in order to do a transaction.
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- A bitcoin wallet stores private keys and broadcast transactions signed with the private keys to nodes. It also reads the blockchain for funds that have been received and notifies the owner of the wallet.
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BITCOIN wallet is important feature of the network, which contains private keys, creates a signature, when bitcoins are sent, broadcasts the transaction and read the blockchain.
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- Stores your private keys and manages all bitcoin transactions to/from that wallet
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