- A bitcoin wallet stores the users private key and signs transactions when sending btc
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A Bitcoin wallet stores your private key, and is able too sign and create transactions. There is no coin inside the wallet.
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- A bitcoin wallet creates and stores private keys, signs transactions, broadcast and reads transactions.
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A wallet stores your private keys generates public keys, signs and broadcasts transactions.
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Q1) A Bitcoin wallet job is simply to store and secure the privacy of the users Private keys. Its functions are to “send” (create, digitally sign and broadcast) and “receive and query” transactions from nodes.
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- A wallet is an app that stores your private keys and connects to the blockchain either directly through a full node of through an SPV that then connects to a full node. When connecting to the blockchain, it querries the network to check if you have funds to spend. When you want to spend, it creates a transaction and signs it with you private keys before broadcasting it to the network.
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A bitcoin wallet stores your private keys, create and sign transactions. It is not like a “physical” wallet that literally stores your coins.
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Describe in short what a bitcoin wallet does
- A bitcoin wallet holds your private key, creates and signs transactions
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- Send and receive transactions. Stores private keys. Creates and signs transactions, broadcasts transaction to the network, reads the blockchain and notifies you when you receive funds. Paper wallet, hardware wallet (usb).
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- A bitcoin wallet is an application which stores your private key. With this private key you are able to send coins to another wallet and your private key is signing this transactions. Then this transaction will be checked by other wallets (nodes reading the whole blockchain).
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Describe in short what a bitcoin wallet does.
-> A Bitcoin wallet stores your private key. With that private key you can can create, broadcast and receive transactions by using the public key which is derived from the private key. No actual coins are stored on this wallet, funds are just moved around on the blockchain whenever the private key is used to sign transactions. These transactions are confirmed by different nodes.
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- A Bitcoin wallet creates a private key, and then derives a public key or address. When you send a transaction the wallet broadcasts the digital signature of the sender to the network, so they other nodes or wallets can update the blockchain simultaneously.
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A BTC wallet in my words is a personal ID used to verify and sign transactions that you make.
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Describe in short what a bitcoin wallet does.
It enables us to send or receive cryptocurrency. It holds our private keys so we can access funds and sign transactions. Further it can read the network and broadcast to it.
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A bitcoin wallet stores your private keys
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- A bitcoin wallet keeps your private key which is used to sign transactions and offers proof that the coins came from the owner of the wallet.
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hello,
1) A bitcoin wallet is private key storage, that can create and sign a transaction using your private key. It can then connect to the network where it will submit the signed transaction and wait for verification. It will also read and notify you of incoming transactions.
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It stores your private key, it enables transactions to and from the wallet and it acts as a broadcasting node which communicates transactions together with nodes on the blockchain.
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- A bitcoin wallet is just used to create and sign transactions. It stores your private keys and when used, broadcasts your transactions to full nodes across the network.
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A bitcoin wallet stores your private key. It also can sign transactions and communicate with a node to enact transactions.
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