- A bitcoin wallet stores your private keys, signs your e signature for each transaction you have made, checks your available balance, and will also report all your transactions to the blockchain database.
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- A bitcoin wallet stores your private keys. They read you your balance available that is credited to your private key. It can sign transactions you wish to commit when sending bitcoin to another user. They do not store any coins rather send transactions to nodes which are then minted into the next block. Balance data is fetched from ledgers.
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A wallet stores your private key and uses it to sign transactions
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You can send and receive BTC. Wallet stores your private key. Wallet initiates and signs transactions you send and reads the blockchain to notify you if you receive funds.
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Homework - Wallets
Bitcoin Basics
Describe in short what a bitcoin wallet does.
A wallet stores my private key. I can use my private key to use the bitcoin network to add records to the ledger saying that I have sent or received bitcoin.
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- a bitcoin wallet holds your private keys, creates and signs transactions, and broadcasts transactions to the blockchain.
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A wallet stores your private keys. Creates and signs transactions, and broadcasts those transactions to the network.
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- Describe in short what a bitcoin wallet does.
A wallet is a device that securely stores your private key. It is used to digitally sign your transactions. It keeps your private key offline and not on your hard drive in order to avoid it from ever being compromised.
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- A bitcoin wallet:
1.a. stores the private key
1.b. generate the public key
1.c. broadcast transactions to the network
1.d. signs transactions
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- A bitcoin wallet stores private keys and signs transactions. There are no coins stored in the wallet. It also broadcasts those transactions to the network.
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Bitcoin wallet stores your private keys, creates and signs transactions, broadcasts transactions to the network/nodes and reads the blockchain telling you the current balance the owner holds. Despite the name, it does not hold any coin.
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Describe in short what a bitcoin wallet does.
A bitcoin wallet will store your private key, generates public key(s), signs transactions and sends them to the network to be processed. Coins are not kept in the wallet - instead they are designated in the blockchain and a transaction once confirmed just means the balance of your account is amended in the public ledger.
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btc waller, creates private, then converts to a public key, creates a signature, verifies transcation
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- A wallet stores your private keys for each type of crypto you purchase/trade. Additionally, it will use those corresponding keys to sign the transactions you make for that type of crypto.
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Stores private keys
Create and sign transactions
Broadcast transactions
Read blockchain
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A bitcoin wallet stores the private keys, which is the data that creates/codes the coins. The coins exist as private keys. A wallet creates and signs transactions, and then broadcasts the transaction to the blockchain.
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A wallet stores the private keys and uses them to sign transactions.
It does not contain coins, like the name would suggest.
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- Describe in short what a bitcoin wallet does.
A wallet stores the private key, reads the blockchain, sign and broadcast transactions
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet is a software program where you store your bitcoins. You can receive/send BTC. Comes in several forms: hardware i.e. Trezor, desktop, mobile and web
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A bitcoin wallet stores your private keys. When you want to send bitcoin it will create and sign the transaction and then broadcast it to the network. When you receive funds your wallet will read the blockchain and notify you that you have funds to spend.
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