Homework on Role of Wallets - Questions

My favorite Bitcoin only wallet is the Electrum wallet. Not super pretty, but very basic, open source, and simple to use.

My favorite Mutli-coin wallet is Exodus, it is also easy to use, and very pretty! But not 100% open source, but you are still in full control of your private keys. As they say, “not your keys, not your coins”. You also don’t need to deposit anything to download and try the wallets out to see how they look and feel.

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Bitcoin wallet stores private keys and use private keys to sign transactions. It also stores public key which is used to receive transactions form the blockchain.

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  1. Describe in short what a bitcoin wallet does.
    Holds private and public keys and sends transactions out to the bitcoin network
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The bitcoin wallet holds your private keys and is used to create and sign transactions, broadcast your transaction, read transactions and there is no coins inside the wallet.

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  1. Describe in short what a bitcoin wallet does.

A bitcoin wallet is something that stores your private keys. The private keys allow the wallet to provide the digital signature that sends value to another wallet in a bitcoin transaction. The private keys of the wallet also create the public key that is used to receive transactions on the bitcoin network.

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A wallet stores your private keys. It creates, signs and broadcasts your transactions. It can read the blockchain to inform you of your balance.

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A wallet stores your private keys and creates a public key. When sending the pvt key signs the transaction so receiver can validate the sender.

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1.Describe in short what a bitcoin wallet does.
A Bitcoin wallet is where you have all your private keys

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A bitcoin wallet stores private keys, create and sign transactions, broadcast transactions to the network, and when you receive funds it reads the blockchain then notifies you about said funds.

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The wallet store a private key. You can use this key to send transaction by create a digital signature so your transaction can be verified and written on the blockchain. The wallet can also read blockchain and update anything you receive.

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Describe in short what a bitcoin wallet does

A bitcoin wallet stores your public and private keys. The use of the private key is necessary for signing bitcoin transactions.

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A bitcoin wallet stores private keys that allow you to get access to create a transaction on the blockchain if you have the available funds. No actual “coins” are stored in the wallet.

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  1. A BTC wallet stores your private keys (mainly) and also can create, initiate, sign, broadcast outbound transactions to the network and also read the blockchain for inbound transactions.
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  1. A wallet creates transaction or receiving them. And it is signing transactions with private and public key.
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  1. A bitcoin wallets stores your Private Keys. Your private keys allows you to sign transactions. Moreover, a Bitcoin wallets allows a user to send,receive, and safeguard funds.
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  1. A bitcoin wallet holds your private key and allows you to send and receive bitcoin.
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A Bitcoin wallet holds your private keys and gives you access to the block chain.

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A wallet stores your private key, create + sign transaction and then broadcast that information to the bitcoin network

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A). The DIGITAL wallet is an application that acts as a kind of virtual bank account that allows users to send or receive bitcoins and other crypto currencies, pay for goods or save their money It is also a repository for your private keys needed to manage your currencies/assets in your wallet. Unlike bank accounts, bitcoin/crypto wallets are not insured/regulated by the any Federal institutions/Governments.

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Wallets holds your private keys. It creates and sign transaction with your private key & then broadcast them to the network of the nodes. It doesn’t store the coins.

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