Describe in short what a bitcoin wallet does.
A wallet essentially stores private keys and signs transactions. It does not need to be a full node that keeps track of your coins. The entire network is doing that for you. Your wallet is just to sign transactions for your crypto balance.
A bitcoin wallet allows you to store your private keys which you use to sign transactions
What a bitcoin wallet does?
Stores your private keys, create and sign the transactions then broadcast transaction to the network, reads the blockchain and notify that you have funds to spend.
Homework on Robe of Wallets - Answers
Bitcoin wallet host private keys and generate public key and signature and broadcasting transaction request and receive new blockchain data from other wallets(Nodes)
A bitcoin wallet can be either an offline or online type of storage for your public and private keys. it can be paper, your memory, a ledger nano S, etc.
A bitcoin wallet is basically a program that stores your private keys and can generate public keys and sign transaction with that private key. It can be hot online wallets or cold paper wallets or hardware wallets. Hosted wallets are not really crypto wallets they are just an app that onnects to the server with a real ceypto wallet.
A wallet is used to store your private key, and is where all your transactions are signed before being broadcast to the blockchain.
It stores your private keys, enabling you to create a blockchain transaction to be sent, and can receive blockchain transactions.
A bitcoin wallet is used to check your balance, and store your private keys which create and sign transactions
A bitcoin wallet is a program that sends and receives bitcoin. It receives bitcoin via a public key. It is able to send bitcoin out by creating the transaction, signing by the private key then broadcasting out to the network.
Describe in short what a bitcoin wallet does.
A wallet stores your private keys, creates and signs a transaction, broadcasts the transaction and reads the blockchain.
A wallet stores private keys and applies them as digital signatures in transactions.
A bitcoin wallet (assuming HD) is/should be capable of:
The primary role of a wallet is to store private key(s). A paper wallet does exactly only this thing. The paper wallet is an exception, because in general wallets are applications that, besides storing private keys, allow users to create transactions, sign them (with the private key) and broadcast them to the network. Wallets also read the blockchain in order to see when the user has received funds, and notify him when such occurrence happens.
Describe in short what a bitcoin wallet does.
A wallet is an application on a desktop, website, mobile phone etc. which stores private keys. The uses its private key to sign a transaction and then broadcast this to all nodes on the blockchain network.
A Bitcoin wallet is the authentication interface to redeem the Bitcoin balance for the addresses held (wherein the private keys are valid).
A bitcoin wallet stores private keys, creates and signs transactions, then checks your unspent balance.