Homework on Role of Wallets - Questions

Wallets sign your transaction, they show you the summ of all of the UTXOs related to your account, the broadcast your transactions. Create your private key and store it, create your public key from your private key.

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A BTC wallet is comprised of Private and Public keys. Public keys are your address to which people can send you money and the Private keys link you to your wallet and prove that your own those funds. Private keys also are used to sign your transactions. With the use of these private and public keys you can use your wallets to send and receive funds.

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Describe in short what a bitcoin wallet does.
The Bitcoin wallet stores our private key. It is used to create and sign Transaction, Broadcast Tx and read blockchain (to see you bitcoin funds).

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  1. A btc wallet store private key
    Create an sign transactions broadcast the transactions and read through blockchain
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  1. A wallet stores your private key which is used to access your funds on the blockchain. It can also sign transactions authorizing you to transfer funds.
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Describe in short what a bitcoin wallet does. - A bitcoin wallet holds the unspent transaction outputs data. It will then calculate all this data and can show you your transaction history and total amount of bitcoin. You can also use it to send and recieve bitcoin and send messages that everyone can verify was from your wallet.

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  1. Describe in short what a bitcoin wallet does.
    The Bitcoin wallet stores private code keys. This is the signature to validate for deposits and transfer of Sats for only Bitcoin.
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Depending on the wallet it either stores the private key only in case of a paper wallet or if its a hardware wallet, it also, generates transactions offline, uses a SPV or node to broadcast transactions and can read the blockchain.

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1 Describe in short what a bitcoin wallet does.

1 Bitcoin wallet stores private key, create and sign transactions and check your balance

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it creates and stores your prvate key and with that it can sign(confirm) your transactions to be broadcast across the blockchain’s network and verified by the nodes

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It’s a wallet that holds your private keys and signs your transactions on behalf of the original.

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stores both public and private keys and a ledger of your transactions. The wallet also signs any transaction that requires a signature such as sending funds.

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It was my pleasure to help you. :slight_smile:

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  1. A bitcoin wallet stores one’s private key. It allows the owner to make/sign transactions on the blockchain. Wallets come in various forms such as software and hardware.
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A bitcoin wallet is an application on a phone, computer, paper or website that holds public and private keys. It is used to send/ receive transaction, broadcast/initiate new transactions, and to sign transactions.

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A BTC wallet stores your private keys. It can also sign transactions either for sending or receiving BTC’s.

You don’t need to sign a transaction with your private key in order to receive the transaction.

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Describe in short what a bitcoin wallet does.
A Bitcoin wallet stores your private keys and is uses this private key to sign transactions for validity.

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Describe in short what a bitcoin wallet does…a bitcoin wallet stores your private keys, signs your transactions, broadcasts those transactions to other nodes on the block chain and then notifies you when the blockchain has been updated to reflect that your transaction is valid.

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a wallet stores your private and creates a public key and can make transactions and broadcast it to other nodes. It also signs transactions.

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