Homework on Role of Wallets - Questions

JimLundberg · May 30, 2020, 12:30am

The wallet holds holds your private keys and is used to sign transactions with that key.

Roel · May 30, 2020, 10:25am

A wallet holds your private keys and is initiating transactions or the benificiary of a transaction. eacht transaction is signed by the private key of the wallet.

Anna · May 30, 2020, 2:11pm

Bitcoin wallet stores information - private and public keys to access the coins that are in the blockchain.

TommyAces · May 30, 2020, 5:52pm

It stores your private keys.
Creates, signs and broadcast transactions.
Will receive funds/read blockchain

slvrsrfr · May 30, 2020, 9:32pm

A bitcoin wallet keeps your private key and uses it to sign transactions, send the transactions out to the nodes and read transactions that come to you. This allows the wallet to spend your bitcoin and receive your bitcoin.

Onstar59 · May 30, 2020, 10:10pm

A bitcoin wallet stores your private keys and signs transactions and keeps a balance on your bitcoin account.

Elvis · May 31, 2020, 12:38am

A wallet stores your private keys and uses them to sign transactions and checks your balance.

B.R · May 31, 2020, 4:59am

A bitcoin wallet contains a private key for transactions. In order to be broadcast to the network, all transaction requests must be signed with a private key. In order to provide the user with security, the private keys should not be shared. The wallet has the capability to sign the transaction, without revealing the key. Once a transaction is signed, the wallet can check the users balance that relates to the particular private key, once the ledger on the block chain is updated.

DigiCoin · May 31, 2020, 10:53am

Describe in short what a bitcoin wallet does.
-a wallet stores youre private keys,it creates and signs transactions,it broadcasts transactions and it is reading the blockchain.

Benitez · May 31, 2020, 3:17pm

stores your private keys and signs your transactions.

JohnnyN · May 31, 2020, 3:42pm

A wallet is used to store private keys that enable users to send/receive transactions or monitor the balance

ksuavecrypto · May 31, 2020, 3:48pm

store private keys sign create broadcasts and read transactions

umeshusoda · May 31, 2020, 4:25pm

A wallet stores my private key and can create signatures to sign transactions.

coin_digger · May 31, 2020, 5:21pm

A bitcoin wallet stores your private keys which are used to create your bitcoin addresses and sign your transactions. If someone has access to your private keys they can steal your money and so having an offline wallet like a Ledger hardware wallet provides good security.

It can also broadcast your transaction to the network.

Luche · May 31, 2020, 7:36pm

Role of Wallets

A bitcoin wallet stores private keys and broadcasts transactions to the network.

Douma · May 31, 2020, 7:48pm

Bitcoin wallet is used for sending and receiving bitcoins, it generates your private key that sign your every transaction you send.

chadrickm · May 31, 2020, 9:25pm

A bitcoin wallet constructs and signs a transaction and then broadcasts the signed transaction to the bitcoin nodes.

Cashflow101 · May 31, 2020, 10:03pm

A wallet store your private key, transaction data

FridaL · June 1, 2020, 4:19am

Bitcoin wallet holds your private and public keys. Private keys are used to sign transactions as proof of identity/ verification and reads and broadcasts to the blockchain network.

HexagonalView · June 1, 2020, 8:13am

A bitcoin wallet controls the private key. Additionally, digital signatures are performed by the private key, on transactions within the wallet. Once signed, transactions are then broadcasted to nodes in the network.