Homework on Role of Wallets - Questions

Blockchain and Bitcoin 101
#783
  1. Wallet is an app that stores and can generate private keys. It signs transactions, broadcasts and receive them to/from network.
1 Like
#784

walle thold my privat key to sign transaktion

1 Like
#785

A wallet is a secure holder of your private key. With this private key you can purchase or sell currency and create a public key.

#786

A crypto wallet stores a private key, is able to create and sign transactions, broadcast intent and read the blockchain.

1 Like
#787
  1. A BTC wallet holds your digital value and allows you to transfer that value across the blockchain.
1 Like
#788

A bitcoin wallet allows you to send and receive bitcoins but does not store the bitcoins themselves. It only stores your private key which will identify you as the valid owner of the bitcoins when sending or receiving.

1 Like
#789

A bitcoin wallet holds your pvt key creates and broadcasts your a request to perform a transaction to the Node and “signs it” with your private key without giving up the key,

1 Like
#790
  1. A bitcoin wallet stores your private key. If you want to send some bitcoin then your wallet creates the new transaction and your private key signs that transaction. After all that your signed transaction is posted to the network for verification.
1 Like
#791

A Bitcoin Wallet stores your private keys, creates and stores all transactions dated and time stamped. And shows your unspent funds.

1 Like
#792

Homework on Role of Wallets - Questions

  1. Describe in short what a bitcoin wallet does.
    Gives you access by storing your private key, to your crypto on the blockchain. View and transact. Constructs and signs transactions and broadcasts.
    paper wallet is one use
    USB wallet is secure
    Exchange wallets are reallly just apps that allow you to access your portion of their giant wallets.
1 Like
#793
  1. Describe in short what a bitcoin wallet does.

The Wallet stores your private key and signs the transactions.

2 Likes
#794

Homework on Role of Wallets - Questions

  1. Describe in short what a bitcoin wallet does.

A wallet stores your private keys, Signs your transactions, Broadcasts transactions and notifies you have funds to spend

1 Like
#795
  1. Wallet stores private keys and is used to sign transactions.
1 Like
#796

Wallet stores private keys, creates and signs transactions, and broadcast transactions. Also wallet receives bitcoins as well.

1 Like
#797

1. Describe in short what a bitcoin wallet does.

A wallet stores your public and private keys, and creates transactions that can be signed with your private key to authorize that it was indeed you that is sending the transaction.

1 Like
#798

Homework on Role of Wallets - Questions

  1. Describe in short what a bitcoin wallet does.

A bitcoin wallet stores private keys, creates and signs transactions, broadcasts the transaction to the blockchain, and reads the blockchain when receiving funds.

1 Like
#799
  1. Wallets stores private keys, creates and signs transactions, broadcasts transactions to the network and notifies you when you receive funds in your wallet.
1 Like
#800

A bitcoin wallet stores your private keys. It creates and signs transactions and it then broadcasts to the network (peers). When receiving funds your wallet will read the blockchain that you have funds to spend. There are no actual coins being stored in your bitcoin wallet.

1 Like
#801
  1. A wallet store’s your private key which then allows you to make transactions.
1 Like
#802

The bitcoin wallet stores private keys, create keys and sign transactions

1 Like