A wallet stores your private keys. Creates and signs a transaction which then is broadcasted. The wallet only reads the blockchain but does not store coins. There are different types of wallets.
1 Like
Bitcoin wallet holds your private keys and uses them to sign transactions when you want to send. It also will calculate and pay the network
1 Like
I bitcoin wallet stores your private key, and is able to receive, and sign transactions.
1 Like
- A bitcoin wallet holds the private keys associated with its owner. This way, it is able to sign transactions in order to submit these transactions to miners for validation. They are classified as hardware-software-paper-hosted wallets, basing on their nature and infrastructure. The category in which each wallet falls may also influence its level of security. Through various interfaces (mobile or web) it is possible to access to an owned wallet and check the personal balance, which does not really contains any amount of coins because coins are not stored in the wallet.
1 Like
A bitcoin wallet stores your private key. It will sign your transaction for you so the network knows you made the transaction.
1 Like
A BTC wallet creates ur private keys, creates & signs tx, broadcasts and reads the blockchain.
1 Like
Describe in short what a bitcoin wallet does.
Bitcoin wallets stores your private keys, creates and signs transactions, broadcasts transactions, and notifies you when there is funds in your wallet.
1 Like
1/ Describe in short what a bitcoin wallet does.?
A Bitcoin Wallet, will store your private key, ( & it derives your public key from your private key ) then when you want to send or spend BTC, the wallet will create & sign transactions & broadcast to other computers ( nodes ) on the open source distributed Blockchain ledger.It will connect to different peers & propagate your transaction to the miner, who then records your transaction on the Blockchain, then your transaction is confirmed on the Blockchain.
2 Likes
Describe in short what a bitcoin wallet does
receive and send, hold private key and create public key.
1 Like
1, Describe in short what a bitcoin wallet does.
Ans.
A bitcoin wallet stores your public and private keys to sign transactions and interfaces with the bitcoin blockchain (nodes) via your computer in order to store, send and receive money.
1 Like
Describe in short what a bitcoin wallet does.
it provides storage of private and public key, it assist in connecting to nodes for cripto transactions on the Blockchain.
1 Like
A bitcoin wallet stores your private keys, signs transaction using your private keys, broadcast the transactions to the network and reads the blockchain and notify you if you have receive any funds. There are a few different types of wallets but the most secure is a hardware ledger as it is not connected to the Internet.
1 Like
Can send or receive Bitcoin. Creates transactions with the private key and holds the private and public key.
1 Like
A bitcoin wallet hosts your private key. It will create and sign transactions with this private key, in order to verify that the true owner is the one sending/spending those funds. Coins are kept on the blockchain however, and are not actually on your wallet.
1 Like
A bitcoin wallet stores your private keys
1 Like
Describe in short what a bitcoin wallet does.
It stores your private keys, creates and signs transactions and reads the blockchain in case you have received a transaction.
1 Like
A Bitcoin wallet stores your Bitcoin data (Private keys & public keys) and allows you to transact with others by using the network. When a transactions is performed from your wallet, it is completed and validated via nodes and uses your data as a personal signature.
1 Like
A bitcoin wallet stores your private key and is able to send and receive transactions through a node or a spv which reads off of the full node. When a wallet sends a transaction, it is signed with your private key and broadcasted to the network of nodes in which it stays in an unconfirmed state until a miner picks it up and places it into a block. The block then is verified on the network and distributed to all full nodes.
1 Like
- A bitcoin wallet sign transactions with the private keys and receive funds with the public keys, checking your balance on the blockchain given that the wallet does not the coins in it.
1 Like
A bitcoin wallet is a bit of software that stores your private keys to allow you to sign a transaction and check your balance. Not your private keys, not your wallet!
1 Like