- It broadcast and receive transactions, so allows you to spend or receive money. Also store your private key.
1 Like
A Bitcoin wallet keeps a private key(seed), this is used to sign transactions, a mathematical proof that they came from the wallets owner. The signature also prevents the transaction from being altered by any other person.
1 Like
A bitcoin wallet stores your private key with which you can sign transaction to add the transaction to the blockchain. Once consensus is reached the transaction will be completed and the chain will update the database.
1 Like
A bitcoin wallet stores one’s private keys and facilitates the transfer of funds through the creation and broadcast of signed instructions.
1 Like
- A wallet stores your private key and tells nodes to validate a transaction whenever you make a transaction
1 Like
A bitcoin wallet is a container, digital or non-digital, that stores the private key(s) of bitcoin user(s). A digital wallet is also a an application by which bitcoin transactions are created and signed.
1 Like
QNS 1. Describe in short what a bitcoin wallet does.
A bitcoin wallet stores the private and public key for bitcoin users. It is used to send and receive bitcoin from digital addresses.
2 Likes
A Bitcoin wallet…
- stores your private keys,
- creates and signs transactions,
- reads the blockchain,
- sends the created and / or signed transactions to the network (nodes)
2 Likes
A bitcoin wallet holds your private key, that private key is necessary to sign & validate a transaction
2 Likes
A true bitcoin wallet stores your private keys and signs transactions using your private keys.
Edit: Moving on to the next video I realized this answer was incomplete.
New answer:
A true bitcoin wallet stores your private keys and constructs/signs/broadcasts your transactions.
1 Like
- Describe in short what a bitcoin wallet does.
A wallet contains your private keys and holds a copy of the complete blockchain. From here your private key can sign transactions, and broadcast these transactions to the larger network.
1 Like
Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private key.
When you want to send bitcoin, the wallet creates a transaction and signs it.
The wallet then broadcasts the signed transaction to the network.
The network is the nodes which have the ledger.
The nodes then update their ledger: add an entry that your account sent bitcoins to recipient X.
When you receive funds, the wallet will read the blockchain and notify you
2 Likes
Describe in short what a bitcoin wallet does.
A Bitcoin wallet is a software application which stores private keys for which can sign transactions via the Blockchain. It can advise how much funds you have, you can send and receive funds via the wallet.
1 Like
- Describe in short what a bitcoin wallet does.
A bitcoin wallet, is basically a node that store’s your private keys. It can sign your PK to send and receive transactions.
1 Like
Describe in short what a bitcoin wallet does.
A bitcoin wallet stores the private and public keys. Here we are able to encrypt, decrypt, sign and calculate balances from UTXOs.
1 Like
Describe in short what a bitcoin wallet does:
A wallet is storing you private key and acts as the interface between you and the blockchain. It interrogates it, shows your balances by aggregating the previous transactions to your wallet and is able to create transactions signing them with your private key.
1 Like
A wallet stores your private key, creates public keys, and sign the transactions. Because it holds the keys, it knows what amount of bitcoin on the blockchain belongs to those keys. It does not store any coins.**
1 Like
A bitcoin wallet stores your privet key and sings on transactions with your privet key then uploads the singed transaction to the network. The wallet reads the blockchain network and updates you for how many coins you have.
1 Like
1. Describe in short what a bitcoin wallet does.
A Bitcoin Wallet stores a Private-key, does not store the coins. It signs the transactions (send/receive) with a private-key, by keeping the private-key inside the wallet. It also maps the blockchain and refreshes the recent datas of the blockchain.
1 Like
- Describe in short what a bitcoin wallet does?
A bitcoin wallet simply provides the ability to send and receive Bitcoins. Technically, a Bitcoin wallet is a software program where Bitcoins can be stored and tied to a private key (secret number) for every Bitcoin located in the wallet.
1 Like