Homework on Role of Wallets - Questions

Blockchain and Bitcoin 101
#3652

A private wallet storage your private key, so you are able to have a digital signature to make transactions

1 Like
#3653

A wallet basically stores your private and public keys and can sign transactions enabling them to be broadcast on the network. You can send and receive transactions via a wallet

1 Like
#3654

1, Describe in short what a bitcoin wallet does.

  • Stores private keys
  • Creates and signs transactions
  • Broadcast transactions
  • Reads the blockchain
1 Like
#3655

A crypto wallet is basically a storage space for recording and maintaining the private keys assigned to the owner for digitally signing the blocks in the chain.

1 Like
#3656
  1. A Bitcoin wallet stores your private and public keys. A wallet can send and receive funds.
1 Like
#3657

Bitcoin wallet stores your private key, creates and signs transactions.

1 Like
#3658

Bitcoin wallet is an app which can be installed on mobile device or computer, it stores your personal private key. It can be used to run transactions - send or receive bitcoins.

1 Like
#3659

Homework on Role of Wallets - Questions

  1. Describe in short what a bitcoin wallet does.

A wallet stores and holds your private key and make it possible to send and receive funds

1 Like
#3660
  1. Describe in short what a bitcoin wallet does. Bitcoin wallet hold your Private keys, generate Public keys, generate your address , generate signed transactions and broadcast them into the network.**
1 Like
#3661

A bitcoin wallet stores your private keys which allows you to send and receive cryptocurrency.

1 Like
#3662
  1. Describe in short what a bitcoin wallet does.

You bitcoin wallet holds your private key and uses this private key to sign your transactions. The private key is also used to confirm your balance.

1 Like
#3663

1. Describe in short what a bitcoin wallet does.

A bitcoin wallet keeps safe your private keys safe from possible attacks, there are 4 kinds of each with different specs and benefits.

1 Like
#3664

A wallet is exactly what it sounds like. A device that holds currency

1 Like
#3665

Describe in short what a bitcoin wallet does.
A bitcoin wallet holds your private keys and can sign your transactions. They can also keep track of your unspent funds

1 Like
#3666

IT is connected to internet and stores private keys of user , as soon as a transaction is initiated , it will be signed with the public keys and then send to internet

1 Like
#3667
  1. Describe in short what a bitcoin wallet does.
    A wallet only stores your private key. No actual coins reside there.
    It uses that private key to sign transactions that propagate to the bitcoin node network so you can send funds.
1 Like
#3668
  1. A bitcoin wallet stores a user’s private key, which is used to sign transactions, broadcasts signed transactions to nodes on the network for confirmation and is used for reading the blockchain.
1 Like
#3669

1_ A wallet sores your private key and uses that to sign your transactions.

1 Like
#3670
  1. Describe in short what a bitcoin wallet does.
    A bitcoin wallet stores your private and public keys for bitcoin only. A bitcoin wallet allows you to send bitcoin transactions and receive bitcoin transactions to or from the bitcoin network.
1 Like
#3671
  1. It stores your private keys and authorises transactions. There are hardfware wallets (offline and safer) and hosted wallets (online and not held by you but rather an exchange or 3rd party which is not as secure but easier to transact)
1 Like