Welcome, welcome to One Minute Crypto! I’m your host, Chronos, and today, the world’s
first Grin paper wallet. Grin is a scalable, privacy-focused blockchain,
and that privacy causes some trouble for the idea of paper wallets. Grin doesn’t actually have addresses, like
almost any other cryptocurrency. That’s great for privacy, but how would you
make a paper wallet, which is supposed to store an address? Let’s find out. First, I want to give a shoutout to the six
million dollar Venom poker tournament hosted by our sponsor, Americas Cardroom. It’s happening right now, but you still have
a chance to get in, with Day 1 events on December 1st, 4th, and 8th. So don’t wait, check it out at AmericasCardroom.com. So even though Grin doesn’t have addresses,
it still has seed words. You know, when you create a new crypto wallet,
even a bitcoin wallet, they always tell you to write down those crazy words that don’t
make any sense, like: body decision painful space bloom sunlight… These are actually a clever way to store the
input for an algorithm that produces the private keys for the wallet. For the world’s first Grin paper wallet,
instead of storing an address, it holds the seed words behind its tamper evident hologram. Pretty cool. But it’s still kind of a pain to fund the
wallet, because you have to load it onto a device just to get your money in. Hopefully that can be improved in the future. Post your thoughts below. I’m Chronos. Thanks for watching!