- A BTC wallet stores your BTC assets as well as creates and stores your private key which is used to digitally sign and derive the public key from it.
1 Like
A bitcoin wallet is an application that stores your private keys. If you send bitcoin it will create a new transaction, sign it, and broadcast it to the bitcoin network. If you receive bitcoin, it will read the blockchain and notify you.
1 Like
A bitcoin wallet does the following:
1- Stores your private keys
2- Creates a transaction upon your request
3- Uses your private keys to sign outgoing transactions
4- Broadcasts the transaction to other nodes and the transaction is propagated
5- Reads the blockchain when you receive a transaction
6- Verifies received transaction is either true or not true
7- If it does not have a copy of the blockchain, like a SPV, it communicates and queries multiple full nodes in order to verify a transaction
1 Like
A wallet generates private and public keys and also addresses, it signs your transactions and communicates with the network.
1 Like
A bitcoin wallet holds your private key and signs transactions.
1 Like
A bitcoin wallet stores your private key and signs transactions for the nodes to broadcast to the rest of the network.
1 Like
- It’s a software that stores your private key and can query and sign transactions to the blockchain
1 Like
A Bitcoin wallet is either an application on your phone or on a computer. It stores both the private and public key and creates and signs transactions.
2 Likes
- Describe in short what a bitcoin wallet does.
A wallet has your Private Key and signs your transactions with it.Then a node is required to spread your signed transactions to the network in order to get confirmation from the nodes.
2 Likes
A Bitcoin wallet stores your private keys, when you want to send BTC to someone, they can create, sign and broadcast the transactions to the blockchain. They also read the blockchain so they can display, if you’ve been sent any BTC. If it’s not an SPV (or paper wallet), it’ll also have a copy of the whole blockchain making a node, so “you” can take part in the transactions approvement.
1 Like
a btc wallet allows you to sign transations using your PK, this is the main function of the wallet, to store your PK to verify transactions
2 Likes
A wallet stores the private keys and signs the transactions and checks the balance.
1 Like
- a wallet stores your private keys, is able to create and sign transactions. Furthermore, the wallet does broadcast transactions to nodes
1 Like
Functions of BTC wallet:
Stores your private key
Derives your public key from your private key
Signs transactions
Broadcasts the transaction to the network
Receives funds
1 Like
A wallet:
- Stores the private key that matched the wallet
- Uses the PK to sign transactions
- Runs an SPV to keep the state of the blockchain updated
1 Like
- Describe in short what a bitcoin wallet does.
It stores your private keys when you make a transaction it signs and sends it to the network. When you receive funds it will read the blockchain and notify you.
1 Like
- Describe in short what a bitcoin wallet does.
Bitcoin wallets are able to store private keys. Also, this type of wallets can send and receive funds. In the case of sending funds the wallet creates transactions, signs them and sends them to other nodes so they can validate the transaction. In the case of receiving funds the wallet checks them in the blockchain and sends a notification to the owner of the wallet.
1 Like
A bitcoin wallet is in charge of holding your private keys, creating/signing transactions with said private key, as well as querying the block chain to check for your balance.
1 Like
A bitcoin wallet stores your private keys. It is used to sign transactions with your private keys, then relays the transaction to other nodes in the Bitcoin network. It also will show any available funds you have. A Bitcoin wallet can be a full node, an SPV which could be a mobile app or other wallet not running a full node, a paper wallet which is just holding private keys or a hardware wallet which holds private keys on an offline USB device.
1 Like
1Describe in short what a bitcoin wallet does.
A bitcoin wallet stores private keys to creat and sign transactions and to check unspent funds. It has no coins.
1 Like