A wallet stores your private keys, signs transactions, and broadcasts transactions to the blockchain network.
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Homework on Wallets.
1.Describe in short what a bitcoin wallet does.
A Bitcoin wallet does not store any coins however, it does store your private key that must never be broadcasted to the public. There are many variations of wallet available, the best of which is a hardware wallet that is also called a cold storage wallet as it is offline except when you need to sign a transaction for the network to verify.
Other properties of a wallet would be for your Cryptocurrency fund to be deployed from and also received via the public address also connected of your wallet, this public key is freely broadcasted on the network.
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A wallet stores your private key. Wallet is able to sign outgoing transactions with that private key. Also the wallet is able to receive transaction send to your by connecting to a node and checking the blockchain data for new transaction send to your public key. The wallet stores no coins or such. It´s just the private key and the public key formed from the private key.
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In general it holds your private key. Depending on the type of wallet it can also create and sign transactions and read the blockchain.
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A bitcoin wallet can sign transactions and allow you to send and receive bitcoin.
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A Bitcoin wallet signs transactions and broadcasts them to the network for confirmation by nodes.
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Wallet contains your private keys, reads Blockchain, signs your transactions, sends informations to Nodes
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A wallet stores your private key, create and sign transactions. it doesn´t store coins.
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A wallet interacts with the blockchain through BTC nodes.
- it sends transactions after signing the transactions with the stored private key
- it receives transactions
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Most Wallets hold/store your private keys online and uses them to sign transactions but we have other wallets that store your private keys offline, (like a hardware wallet) but can also sign your transactions without being directly connected to the internet so no one can get your private keys. (online is not as good as being offline because someone could steal your keys being online.)
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A bitcoin wallet stores your private keys. There are no assets on the wallet, only that âpasswordsâ to be able to use the coins
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- Describe in short what a bitcoin wallet does.
A wallet is used to store the private keys and it allows users to view available funds, create and sign transactions.
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A Bitcoin wallet stores your private keys so you can initiate transactions with the blockchain.
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Bitcoin wallet stores the ownerâs private key. It signs a transaction and send to the computer / node ,connected to it, for broadcasting.
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- A Bitcoin wallet stores your private keys. In your wallet, you have your bitcoins, which are not real coins, but the number/value of the coins changes with the transactions. You can have different bitcoin wallets, mainly cold wallet, hot wallet, hosted wallet and web wallet.
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Has anyone else missed the video that Ivan says is about to show on Bitcoin ecosystem, Miners, Wallets, Nodes, SPVs. There is no video at the end of the lecture like he says, or is there a link one can share please?
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- Bitcoin wallet stores a private and public key in order to make transactions in a exchange.
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1- Wallet have your private key, check the blockchain for UTXOs able to expend, Make transactions with inputs and outputs and broadcast transactions to network.
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A btc wallet stores your private keys, creates public key, provides electronic signature, sends out and receives back appropriate amounts of UTXOs and broadcasts transactions to the blockchain.
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A wallet stores the private key and enables sending and receiving of transactions. It digitally signs the outbound transaction and decrypts the inbound transaction using the private key.
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