Paper Wallet

Paper wallets were a popular method to store cryptocurrency offline. These paper wallets consisted of a piece of paper with QR codes representing the private and public keys.

Paper wallets allowed users to hold their private keys offline and out of reach to hackers. Users are required to print out their private keys or seed phrases on paper, which may be vulnerable to damage or loss.

More Definitions

Peer-to-peer (P2P)

Peer-to-peer (P2P) refers to a decentralized communication and computing model in which participants in a network, often referred to as "peers," interact directly with one another without the need for a centralized intermediary.

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