Homework on Role of Wallets - Questions

Blockchain and Bitcoin 101
#803

Wallet stores the private keys, which is used to create and sign transactions.

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#804

A bitcoin wallet basically stores your Private Keys, creates & signs transactions, broadcasts transactions to network, and will “read” the blockchain.

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#805

A wallet is an application which can send or receive Bitcoin. It stores the user’s private keys, creates and signs transactions. The wallet will then broadcast transaction(s) to nodes on the blockchain. Hardware wallets create transactions within the wallet, sign them then send the transaction to the network.

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#806

Describe in short what a bitcoin wallet does.

A bitcoin wallet stores the private key, creates public keys, signs, broadcasts and reads transactions and checks the blockchain and notifies you when you receive coins.

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#807
  1. Bitcoin wallet stores the private keys, which are used to sign outgoing transactions. It also reads the blockchain to keep track of the available unspent transactions.
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#808
  1. Stores private keys, allow to sign transactions.
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#809
  1. Storage space, either off or online that contains a private key for accessing and managing “owned” data in a blockchain node via it’s signature.
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#810

Describe in short what a bitcoin wallet does.
A wallet is able to create a transaction and to sign it with the private key.

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#811

1- In short, a bitcoin wallet is used to show how many coins that you have access to on the blockchain by using the private key stored on the wallet.

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#812

A bitcoin wallet stores a private key and can sign and send transactions.

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#813

The Bitcoin wallet is used to store your private keys and use them to sign and send transactions. However using certain ways such as an USB increases the security of your private key of being leaked. Meanwhile using your phone as SPV is a bit more of a risk as your private key is connected to the internet.

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#814

A bitcoin wallet holds your private key. It can create, sign, and broadcast transactions to the nodes in the bitcoin network.

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#815
  1. a bitcoin wallet stores your data/ value you can send this money/ data to whom ever you so please. when sending the transactions your private signs the transaction the node verifies you what you have in your account. The miners input your transaction on the blockchain & spv verified the information by talking to one of the node connected to block chain
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#816
  1. It stores your private and public keys (not coins). It initiates, sends, receives and signs transactions.
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#817

it is a ledger that updates what amonut of btc you have in you account, it has a public key that is further hashed to give your public adress and a private ket to sign the transactions and allow you to access your account.

#818

A bitcoin wallet holds your private and public key and signs transactions for you which is then sent to nodes and miners.

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#819

A hardware wallet stores your Private Keys. Interacting with external software to sign transactions adding your own transactions to the Ledger.

A hosted wallet stores your Private Keys for you. You then use external software to interact with your Private keys and make transactions. Your Private Keys are vulnerable to hacking and malware

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#820

A bitcoin wallet stores your private keys using them to check balances and sign transactions.

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#821
  1. A wallet stores your private keys and uses then to create transactions
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#822

wallet contains private an public key
signs transactions and propagates them to the network
reads blockchain an informs about newly arrived funds

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