A Bitcoin Wallet principal store private keys and used it to sign transactions
1 Like
A bitcoin wallet stores private keys, creat and signs Transactions in the Network.
1 Like
The blockchain holds the record of an address balance (UTXO possibly?) where the bitcoin wallet holds the public address of that record as well as the private key enabling the value to be transmitted from the wallet to another address on the blockchain. Sorta like a normal physical wallet but instead of containing cash, this wallet contains the location of the cash plus the permission to spend it in the form of the private key.
1 Like
I guess more like a paycard in that sense 
1 Like
A bitcoin wallet stores your private key. Whenever you initiate a transaction, the wallet employs the key to digitally sign the transaction.
1 Like
- Wallets store the private keys to your Bitcoin and/or other crypto.
1 Like
A Bitcoin Wallet can create and store your private keys.
It can create transactions, sign them, and then broadcast them to the network.
Conversely, it can also accept incoming broadcasts, and process any incoming transactions
1 Like
- Wallets hold your private keys.
When you send btc, the wallet creates and signs the transaction. Then it broadcasts this transaction into the network. When you receive btc, the wallet will read the blockchain to verify the authenticity of the transaction and then notify you that you have some btc.
Contrary to popular belief, wallets do not digitally âholdâ btc. It merely is a tool for verifying that btc sent and received exist on the network and belong to the correct owners.
1 Like
Homework on Role of Wallets â Questions
- Describe in short what a bitcoin wallet does.
A wallet donât holds any money or crypto, itâs for signing transactions and to check the wallets current balance on blockchain, by using your specific public wallet address created by your private key. Everybody on blockchain can check the wallets current holdings and done transactions, but none can do transaction without your private key (password)
2 Likes
You donât need to leave your wallet open to receive a transaction. Anyone can send a transaction to your address at any time. Next time you open your wallet, it will check the blockchain and tell you that you have more funds to spend than before. 
2 Likes
Well said Tino.
3 Likes
Naturally⌠youâd never want to leave your wallet open all the time (just as in real life!)
Particularly a cold wallet device, like a Ledger⌠unplug when not in use!!!
1 Like
Describe in short what a bitcoin wallet does.
A bitcoin wallet stores your private key, with these key the wallet are able to sign transaction, it also check your total balance.
1 Like
Itâs basically a key-chain to hold your keys and uses it to sign and push transactions to the blockchain, it also pulls from the blockchain all the unspent (UTXOs) that are controlled by your keys in order to calculate the actual balance (money) you hold in your wallet.
This is more role of an SPV, which also might contain a wallet
3 Likes
- Stores private key
- Creates, signs, and broadcasts transactions
2 Likes
Describe in short what a bitcoin wallet does
It keeps the privet key sign transactions and sends them out to the network It receives payment by reading the blockchain.
2 Likes
A Bitcoin Wallet stores your private key to sign transactions and check balances.
2 Likes
Describe in short what a bitcoin wallet does.
R: Bitcoin wallet stores the private key, create and sign the transactions, propagate transaction to the network and reads the blockchain.
2 Likes
1 Describe in short what a bitcoin wallet does.
itâs a storing private key box / allow you to create and sign transactions / show the balance of your potential outputs
2 Likes