A wallet is just something that stores your private key. Even if you write your private key on a piece of paper it is considered a wallet.
A bitcoin wallet sends and receives bitcoin transaction using public keys as well as private keys for your digital signature in transactions .
A bitcoin wallet stores private (and public) keys, creates and signs transactions, broadcasts transactions to the network and can read the network.
A wallet is a software or a paper printed private / public key couple and the function is to accept transaction request by signing using the stored private key.
A bitcoin wallet stores your private keys, which are used to create and sign a transaction.
A bitcoin wallet stores private keys that are used to sign transactions. It also creates a public key but stores no actual coins.
A bitcoin wallet is an application that stores private keys . The wallet will allow the owner to send and receive transactions. The wallet will sign transactions with the private key and send off the transaction to the network.
It can only store your private key. Nothing else.
And it is up to us how to store it.
like
- Full Node run computer based wallet
- SPV wallet which is tablet or phone or small devices
- Paper wallet. which is bit risky
- Hardware wallet like Ledger Nano S
- Hosted wallet.
Tank you Ivan
A bitcoin wallet stores your private keys which are used to sign transactions and allows you to spend your bitcoin. The wallet also receives transactions via the public key.
- A bitcoin wallet may generate a random or recover from a saved secret your private and public keys and/or private/public addresses, it may also show after scanning these addresses the wallets addresses total unspent balances and all executed and confirmed or pending past transactions, and make and sign and broadcast new transactions to the network.
In short bitcoin wallet can do lite (paperwallet) or do very much(samouraiwallet), but the good wallets hold the bitcoin âkeysâ.
So be sure to handle it like âmy preciousâ âgolden-ringâ (it can bring you huge wonders or horrors, so learn and respect the great power it brings attached)âŚ
1 - A Bitcoin Wallet stores your private keys and grants you access to the Bitcoin Ledger. When you want to transfer Bitcoins to another wallet, the private key is needed to sign the transaction.
A bitcoin wallet is software that stores your public and private keys on your phone/computer or website. It creates your transactions and signs it with your private key. It will then broadcast it out to the other computers/nodes to be verified on the blockchain where it will be confirmed if legit.
- Describe in short what a bitcoin wallet does
A bitcoin wallet stores your private keys and uses them to sign transactions and read the blockchain
A bitcoin wallet has several functions:
the main one is to store your private keys which are needed to validate transactions.
It also notify the owner if certain funds arrived by reading the blockchain. However, despite some general thinking, the wallet does not hold any bitcoin.
A bitcoin wallet stores you private key for signing transaction or checking your balance.
- Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private keys and creates as well as signs transactions. Broadcasts transactions.
A wallet hold your coins.
Not your keys Not your coins
- Describe in short what a bitcoin wallet does
A bitcoin wallet stores your private keys and is your primary means of communication to the network; creating & signing transaction, updating on received funds, updating network on sent funds, etc.
A wallet holds your private key. It also queries the network to retrieve your balance, and sends transactions to the network.
Bitcoin wallet Creates your private key, when you want to send money it creates a transaction that is signed by the private key and then it broadcasts into the network for aproval.
To recieve money your wallet constantly reads the blockchain and if you recieve a transaction, the wallet notifies you that you have funds to spend.