Thanks for correcting me!
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A bitcoin wallet store your private key and sign your transaction.
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- A Bitcoin wallet is a not a physical item but a software program for holding and trading Bitcoins.
- Wallets contain a private key for security. The key corresponds to the address of the wallet.
- The four types of Bitcoin wallet are desktop, mobile, web, and hardware. For every individual who has a balance in a Bitcoin wallet, there is a private key (secret number) corresponding to the Bitcoin address of that wallet. Bitcoin wallets facilitate the sending and receiving of Bitcoins and give ownership of the Bitcoin balance to the user.
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Describe in short what a bitcoin wallet does.
A wallet stores your private key, signs and broadcasts transactions and identifies your balance in from of unspent transactions.
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A bitcoin wallet stores your private keys, it will create and sign a transaction,it will broadcast to the network and will read the blockchain and notify you of any incoming transactions.
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Homework on Role of Wallets - Questions
- Describe in short what a bitcoin wallet does.
A. A BTC wallet stores private keys, it can create and sign transactions and broadcast them to the network.
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Describe in short what a bitcoin wallet does:
In a nutshell, a bitcoin wallet stores private keys, creates and sign transactions, and then broadcasts it. When the funds are received, it reads the transaction and notifies the user of available funds.
But not all wallets do that. Paper wallets only store private keys. Hosted wallets are not crypto wallets, they are just apps of certain exchanges.
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A Bitcoin wallet allows you to send a receive Bitcoin as well as sign transactions. Stores your private key.
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Bitcoin wallet stores your private keys. It signs the transactions. (That is all if it is a paper wallet)
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Bitcoin wallet stores your private keys and when you want to send bitcoin, you can create and sign transactions with this wallet.
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They donât actually store any coins, just the keys 
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A Bitcoin wallet basically hold private keys and uses them to sign and broadcast transactions.
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The bitcoin wallet holds the private keys of the owner; it creates and signs as well as broadcasts transactions.
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A wallet holds your private keys and signs/sends transactions. It communicates with nodes.
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Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private key. It creates and signs transactions and then broadcasts them to the network without revealing any secret info like your private key. When receiving funds, it reads the block chain and then notifies you that you have funds to spend.
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Bitcoin wallet stores your private key and when you want to make a transaction it will create and sign it. Then it will sent it to the network.
For when you receive funds, the wallet reads the blockchain and notifies you that you received funds.
Basically, a wallet doesnât store coins, it stores your private keys.
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- A bitcoin wallet holds your private keys. Control of these private keys is what distinguishes a true wallet from a hosted wallet.
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- Describe in short what a bitcoin wallet does.
A bitcoin wallet has two unique functions
1- The wallet stores the private key
2- The wallet never connects to the internet
The walletâs purpose is to interact with a computer and verify requests made by the computer. The wallet keeps the private key secure and is still in control of the money. This also means that if the wallet is lost it cannot be recovered.
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- a wallet is a program, an app or a programmable device that generates/stores your private keys. using private keys it is capable of signing transmitted data/transactions. it is used to create public keys. data from/to the blockchain is transferred through nodes. it can read data off the blockchain, stored on nodes. the wallet does not contain the blockchain or parts of it, it does not contain coins or information about the amount of them, that info is only on the blockchain. since transaction history is immutable, you can access âfundsâ even if the wallet app is deleted, hw wallet is destroyed or whatever, as long as you have an alternative way to access your private key (for instance written down).
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Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private key. It creates and signs transactions and then broadcasts them to the network without revealing any secret info like your private key. When receiving funds, it reads the block chain and then notifies you that you have funds to spend.
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