Hi Chris,
I am not sure that one wallet can stores more private keys. I would like to know that. Thank you.
btw: the rest of your answer is perfect. Keep the good job!
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Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private keys and uses them to sign transactions. Different types Node - private key + blockchain
SPV - Private key and has to send out queries to confirm blockchain from multiple other nodes
Paper Wallet- Private key, offline and only one use (for security)
Hardware Wallet - Private key, offline + copy of blockchain. Through usb or bluetooth and pc application can broadcast transactions without sharing private key.
Hosted Wallets - On exchanges that use servers which share multiple customers cryptos in one wallet. (Not a crypto wallet)
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- A wallet store the private keys and sign the transactions. Not your keys not your coins…
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- Describe in short what a bitcoin wallet does.
A Bitcoin wallet stores a private key that is used as a signature to broadcast transactions through a public key. There are three types of wallets: Paper wallets, Hardware wallets and Hosted wallets.
- It sums up your balance and controls your private key - hence enables constructions, signatures and broadcasting of UTXOs to new inputs on the blockchain
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A wallet stores your private key (digital signature). When ready for a transaction the wallet will broadcast the transaction value and recipent and attach your encrypted private key as proof that you sent it. There are no coins in the wallet, just your keys (signatures)
A wallet is where our private keys are kept and public keys are generated to keep track of our transactions.
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- It is used to store private keys and to sign transactions
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- ** 1. Describe in short what a bitcoin wallet does.**
A bitcoin wallet stores your private keys and is able to sign transactions with them and to check your balance.
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- It stores the private keys, creates and signs transactions.
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A Bitcoin wallet is and application used on your computer or mobile device. They provide a platform to manage your crypto assets. When creating the wallet it will issue you a public key to receive funds & a private key to send funds from your wallet. When sending funds your wallet will automatically verify that you have enough funds for the transaction though connecting to the UTXO network & sign it with your private key.
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A wallet stores the privates keys and creates / signs transactions and broadcast the transactions to the network. The wallet will read the information send from the blockchain and let you know when you have money to spend.
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A BTC Wallet holds your private keys and is what signs transactions.
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A bitcoin wallet stores your bitcoin and private keys and uses them to sign transactions.
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a bitcoin wallet holds the Private Keys to access the blockchain and the associated bitcoin with that private key
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- Bitcoin wallet creates a private key and on request creates a transaction using a public key which is then sent out to the “world” or a bitcoin network.
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A1. It simply stores your private keys and gives the ability to sign transactions. Those transactions are then sent to the Bitcoin network to either send or receive funds
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- bitcoin wallets store the privat and public key. They read and write into the ledgers on the blockchain directly (full node) or indirectly (svp) and inform you about received funds.They sign transactions with the private key.
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he wallet in the Bitcoin ecosystem stores your private keys, basically, when you want to send Bitcoin it will, create and sign the transaction, then transmit the transaction to the network
Your wallet is only storing your private key, and then you can create the transmission tamper and transmission
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Bitcoin wallet holds your private keys, derives public keys / addresses, signs transactions.
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