Describe in short what a bitcoin wallet does…
Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions.
1 Like
- Describe in short what a bitcoin wallet does.
A wallet stores your private keys, it can create and sign a transaction and will notify a user when funds are available.
1 Like
A bitcoin wallet stores your private keys that is used to a) digitally sign for outgoing transaction, and b) generate public keys so you can receive transactions. No BTC is actually in the wallet. All coins are stored, in essence, on the blockchain.
2 Likes
It stores your private keys and it allows you to perform transactions and mange your funds.
1 Like
A wallet stores your private keys. When you want to send Bitcoin, the wallet creates and sign the transaction. The transaction is then broadcasted to the network. When you receive funds, the wallet will read the blockchain and notify you that you have funds to spend.
2 Likes
A BTC wallet calculates the balance from transaction data on the blockchain. It also creates and signs transacitions and transmits them to the network.
1 Like
1.A bitcoin wallet stores the private key; you can create and sign transactions; then transaction is broadcasted
2 Likes
A bitcoin wallet isnan application that generates a private key which allows you to receive bitcoin and signs transactions when you send it. It also contains the entire blockchain and serves as a node to approve of other transactions on the network.
1 Like
- It a program who interact with the blockchain, for transaction, and keep count of your spending and fund. It contain your private and public key and sign your receive and transaction with it, for proof of ownership.
1 Like
- Describe in short what a bitcoin wallet does.
It stores your private key. The key is for your signature in all your
crypto transactions. It can query the blockchain. It is offline and it
connects to your computer to make a transaction.
1 Like
Describe in short what a bitcoin wallet does.
A walker stores you Keys, theres diferent types of wallets, you can distinguish between hot and cold walters, hot wallets are there ones conected to the internet and for that reason the are considered less save than the cold wallets that are not conected to the internet.
Types of hot wallets: destkop wallet, smartphone wallets or online wallets
Types of cold wallets: hardware wallet or paper wallet
1 Like
- Describe in short what a bitcoin wallet does.
A wallet stores your private keys which can read the data stored on the public ledger for your personal funds/assets, it can generate a public key from which you receive funds sent from other wallets or exchanges, and it can sign transactions to verify receiving of funds or choosing to buy or send an asset such as bitcoin
1 Like
A bitcoin wallet stores your private and public keys. It also sign and broadcast any transactions you make.
1 Like
A wallet holds the owner’s private keys, with which public keys can be generated. Wallets can create transactions and sign them with the public key, which serves as a digital signature. The signed transaction is then broadcasted to the network and is confirmed once a miner has written it into a block appended to the blockchain.
1 Like
- Describe in short what a bitcoin wallet does. A wallet stores the private keys, and signs transactions which are broadcasted to the network
1 Like
A bitcoin wallet stores your private key, it creates and send transactions, broadcasts transaction to the network. When recieving funds, wallet reads the blockchain and notifys the user of funds being available to spend.
1 Like
store private keys, sign transactions, manage balance.
1 Like
a bitcoin wallet stores your private and public keys, creates and broadcasts transactions and interacts with the blockchain to read and sign transactions.
1 Like
- Unlike Coinbase or other hosted wallets, Bitcoin serves as a real wallet that stores your private keys. The wallet stores your private and public keys. It is unconfirmed until on the Blockchain, once on the Blockchain, you can see your BAGS.
1 Like
A Bitcoin wallet, stores Bitcoin.