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Question 1 of 4

1. Question
In a bitcoin wallet, what is the primary purpose of the private key and the public key pair?
- The public key is used to generate crypto signatures for transactions, while the private key authenticates the sender's identity.
- The public key is used to generate bitcoin addresses, while the private key is used to generate crypto signatures.
- The public key is used to encrypt transactions, while the private key is used to decrypt them.
- The private key is used to generate bitcoin addresses, while the public key is used to authenticate the receiver's identity.
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Question 2 of 4

2. Question
What is the primary purpose of a bitcoin address, and how is it commonly used in transactions?
- A bitcoin address is used to generate public and private keys for secure transactions.
- A bitcoin address represents a user's public key and is shared with others to receive payments.
- A bitcoin address is a string of random characters used to encrypt transactions.
- A bitcoin address is a unique identifier associated with a specific blockchain network.
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Question 3 of 4

3. Question
What is the purpose of a digital signature in bitcoin transactions, and how is it utilized?
- A digital signature ensures the anonymity of the transaction and prevents it from being tracked.
- A digital signature is a unique code that represents the blockchain network of a transaction.
- A digital signature is required for generating public and private keys for crypto wallets.
- C.wallets. A digital signature verifies the authenticity of a transaction and is automatically applied when approving a transaction from a wallet.
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Question 4 of 4

4. Question
How are bitcoin balances determined and tracked, and what role does a crypto wallet play in this process?
- Bitcoin balances are stored directly in the blockchain ledger, and a crypto wallet is used for transaction validation.
- Crypto wallets generate private signatures for transactions, which contribute to the calculation of bitcoin balances.
- Bitcoin balances are managed by the Bitcoin Protocol, and wallets only facilitate transactions.
- Bitcoin balances are tracked by crypto wallets, which sum up the balances associated with the public addresses in the wallet.
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