Homework on Role of Wallets - Questions

Blockchain and Bitcoin 101
#3431

1- t stores your privet key and gives you ability to make transactions on the network.

1 Like
#3432
  1. A bitcoin wallet stores private keys, creates and signs transactions, broadcasts transactions to the Bitcoin network and read the network in case of incoming transactions. There are no coins in the wallet, since Bitcoin is just a database with transaction information.
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#3433
  1. A wallet stores your public and private keys. It also allows you to interact with the blockchain, which gives you the ability to send and receive BTC.
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#3434
  1. A bitcoin wallet stores the private keys of the wallet owner. It is used by the owner to create, sign and broadcast transactions. It is used to read the blockchain and notify you of your available funds.
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#3435
  1. Describe in short what a bitcoin wallet does.

A wallet that stores your private key and public key, where you can receive and send btc.

1 Like
#3436

it stores private key, sign transactions and let you see the balance

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#3437

Bitcoin wallet it is a software or device which stores your private key. You sign your transactions using it.

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#3438

Wallet = First, it stores your private Key. Second, it signs transactions using the private Key … and receives transactions from your computer or the internet (USB hardware wallet doesn’t allow your private key onto the computer.

2 Likes
#3439

A wallet stores your private keys. It creates and signs transactions and broadcasts transactions to the network. It reads the blockchain and notifies you if you have funds to spend.

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#3440

a bitcoin stores your public and private keys. the wallet enables users to sign send and receive transactions. there are no coins stored in your wallet.

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#3441
  1. Describe in short what a bitcoin wallet does.
    A bitcoin wallet holds your private keys
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#3442
  1. A bitcoin wallet stores one’s private key and initiates and or signs transactions.
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#3443

A bitcoin wallet stores private keys and can send and receive transactions. It can create, sign, and broadcast transactions. When funds are received it will read the blockchain and provide notification.

1 Like
#3444

Stores your private keys and signs transactions.

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#3445

A bitcoin wallet has your private keys. It’ll create and sign digital transactions.

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#3446

Depends on the definition.

  1. Bitcoin wallets hold your utxo’s.
  2. Bitcoin wallets (like ledger) allow you to store your private key information in a hardware object without it ever touching the internet and being exposed.
1 Like
#3447

A Bitcoin wallet stores your private keys, creates and signs transactions, broadcasts transactions and reads transactions.

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#3448

Bitcoin wallet stores a private key to sign transactions while creating and broadcasts the transaction to the network. Bitcoin wallet doesn’t store any bitcoins, rather handles transactions and trading. As the bitcoin wallet stores the private key, we need to secure our bitcoin wallet.
The best way is to keep it offline.

1 Like
#3449
  1. It stores your private key. It also creates, signs and transactions.
1 Like
#3450

A transaction takes place with a private key & is signed. The wallet holds a public &
private key. The transaction is published/broadcast across the network across all nodes.

1 Like