A bitcoin wallet holds a private key and is used to sign transactions the moment it is going to broadcast a transaction to the network.
Describe in short what a bitcoin wallet does.
- A bitcoin wallet stores your private keys , signs transactions and broadcasts transactions.
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Thank you very much bktv.
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- A Bitcoin wallet holds your private key, which is used to sing transactions. It also shows your balance, which is not how many coins it holds but rather how many unspent UTXO’s you can use.
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A wallet stores our private keys, and there are different levels of security in terms of wallet. A cold-storage hardware wallet is probably the most secure in terms of securing our private keys from the internet.
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1.) A Bitcon wallet stores your private key. It can come in several different forms but it essentially allows transactions to be signed to send funds.
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The wallet has no coins. It stores your private key and creates and broadcasts transactions. It can also read or store a blockchain (depending on what kind of wallet).
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet stores private and public keys to sign and verify transactions.
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- bitcoin wallets hold your private keys and allow you to send and receive btc.
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Describe in short what a bitcoin wallet does.
It stores your private keys and can create, sign and broadcast transations.
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- Stores the private key, creates signature text, broadcast the transactions and read the blockchain.
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A wallet holds a private key, used to sign a transaction request and broadcast it to the entire network. It also displays the numerical value of coins that the network has agreed on as to what the wallet holds.
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A bitcoin wallet stores my private key, creates a public key, signs transactions and reads the blockchain to determine if there are funds (UTXO) that are received.
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Describe in short what a bitcoin wallet does.
A wallet is a place to store ones private keys. They come in different forms with varying security.
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store your private key, sign and broadcast transactions (send or spend bitcoins), read transactions (receive bitcoins)
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Bitcoin Wallet sends or receives information (transactions or info and keeps track of balances) that contains your private keys used to sign transactions and proof of orgin. It also stores the ledger copy or the verified full node.
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Bitcoin address is a set of public and private keys. a unique hash input that is derived from your private keys. It is used to hold your funds, while also creating and sign your transactions. verifying that you are the true sender.
You need your private key to sign transactions to change ownership to a public key.
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whoops I thought I had corrected that one but didn´t
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Public and private keys are using Elliptic curve cryptography, not just hashes.
https://medium.com/coinmonks/private-and-public-key-cryptography-explained-simply-4c374d371736