A wallet stores the private key. It doesn’t store any coin. It allows to start a transaction, sign it and broadcast it to the network. It can also read the blockchain to notify if you received any funds.
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A wallet will hold your private key and will use it to sign transactions to confirm it is you and it will display your balance and other important details needed.
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1. Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your cryptocurrency with a private key and a public key. It can be used to send, receive, and sign transactions.
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Describe in short what a bitcoin wallet does.
A bitcoin wallet is a software that contain the blockchain information, host private keys, sign transactions or broadcast signed transactions to the network.
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A Bitcoin Wallet basically serve as Private Key holder and save the history of all transactions.
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- Stores your private key. Signs and then sends transactions. Also it can receive transactions and decript them with your private key. I think.
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it stores your private and public keys. It interact with the entire block-chain network either indirectly or directly depending whether it is an SPV or Paper Wallet or Hardware Wallet. depending on whether it has the full copy of the block-chain or not.
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A bitcoin wallet stores your private keys which are required to complete a transaction and keeps track of your balance
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A bitcoin wallet stores your private key and use it to sign transactions. It then broadcast the transactions to the blockchain. It also reads the blockchain and notify the user when new funds are received.
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It creates your private and public keys, stores them and signes transactions. It also communicates with the network.
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The bitcoin wallet holds your private keys, creates and signs transactions .
keeps track of your assets values, spent, unspent.
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A Wallet stores your Private Keys and signs transactions using those keys. It can also generate a Public Key derived from the Private Key.
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The bitcoin wallet stores your private key and signs transactions.
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1 - Describe in short what a bitcoin wallet does.
The bitcoin wallet is essentially a store of your private key. This is used to send and receive transactions to other bitcoin wallets. The wallet is able to generate public addresses to allow you to receive funds.
There are no ‘coins’ stored on your wallet, just the private key that gives you the control over the quantity of funds you own on the network.
The wallet may also be run as a full node, storing a full copy of all the blocks on the network. If it is not running in this mode then it would connect to a trusted full node.
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Store your private key, generates your public key, calculates account balances from the UTXO, broadcast transactions, and set fees
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A wallet is an app that stores your private keys, creates a public key from the private key, signs transactions, and broadcasts transactions to the network
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Describe in short what a bitcoin wallet does.
Bitcoin wallets hold your private key, creates and signs transactions and broadcasts transactions to the network.
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- Describe in short what a bitcoin wallet does.
- A bitcoin wallet stores your private key which can be used to sign transactions and access your funds stored on the blockchain.
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A Bitcoin wallet is a software program where Bitcoins are stored Bitcoin wallets facilitate sending and receiving Bitcoins and give ownership of the Bitcoin balance to the user. The Bitcoin wallet comes in many forms; desktop, mobile, web, and hardware are the four main types of wallets.
Stores your private keys, creates transactions and broadcasts it to the bitcoin network.
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