1. Describe in short what a bitcoin wallet does.
A: A Bitcoin wallet holds no actual BTC. It stores the private key that allows its owner to interact with the blockchain and sign the transactions
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Homework - Wallets
Bitcoin Basics
Describe in short what a bitcoin wallet does.
A Wallet stores the private keys of a user amd with it the user can send and receive transactions. The wallet comunicates with the nodes on the blockchain to send and receive cryptocurrencies like bitcoin. A hardware wallet is the safest wallet to have as it does not reveal the private keys online. A paper wallet is also safe until it is used once, after that it could be compromised. Hosted wallets are used by exchanges like binance, coinbase etc etc. In the case of hosted wallets the private keys belong to the exchange and holds the cyptocurrencies in the name of the user, the user must transfer the cryptocurrencies to his/her private wallet to truly posses and safe keep the crypocurrencies.
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- A wallet stores your private keys. It can create and sign transactions, and then broadcast those transactions to the network. When you receive funds, your wallet will read the blockchain and notify you.
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Describe in short what a bitcoin wallet does.
A Bitcoin wallet stores your private keys, lets you do transactions and check your current balance.
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- Describe in short what a bitcoin wallet does.
A Bitcoin wallet stores your private key. Anytime a transaction is performed, your wallet will create the transaction and/or sign the transaction.
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Wallet store your privet key and send and receive transactions.
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A bitcoin wallet stores the private key of the wallet owner and transact value. This wallet is used to communicate with nodes which verify the wallet transactions. Transactions involving the wallet are added to the bitcoin blockchain by miners, which updates the ledgers of the nodes for future transaction verification.
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BTC Wallet – stores the private keys with which you are able to sign the transactions. Wallet is able to communicate with the NODEs (perform transactions) and check your balance (how many Coins are there available for you in the blockchain).
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It also signs transactions and broadcasts it to the network. 
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A bitcoin wallet stores your private keys and can automagically create a public key which is derived from your private key.
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A bitcoin wallet stores the private keys. The private key enables the signing of transactions.
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Bitcoin wallet holds your private key, which with you can sign transactions, see unspent transactions and send transactions
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Bitcoin wallet simply holds your private key with which you can sign transactions and send crypto to whoever you want. Self custody wallet is a wallet on which you hold the private key to. And hosted wallet means that you are using it to send and receive crypto but someone else( the app you are using) are holding the private key as the crypto they have is a pool of their users crypto.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet stores private key, read and sign transactions and checks your balance. There are no coins in the wallet.
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- A bitcoin wallet stores the private key for signing transactions.
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Bitcoin wallet sends and receives money by signing a transaction, which can be verified by and added to the entire blockchain.
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Bitcoin wallet:
- Stores the private key
- Initiates send transactions
- Signs sent transactions with the private key
- Read full nodes within the network for available funds.
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A bitcoin wallets finds, decrypts and sums UTXOs (unspent transaction outputs) on the blockchain network, and creates, encrypts, signs, and broadcasts transactions to the network (nodes).
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Bitcoin wallet stores private keys, creates and signs transactions, and broadcasts transactions to the network. It does not store any coin.
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The wallet doesn’t send or receive any money because the coins are stored on the blockchain. The wallet merely holds the keys and signs transactions.