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Definitions and terminology related to cryptoeconomics, blockchain and distributed ledger technology.

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Paper Wallet

A paper wallet refers to a storage of a cryptocurrency private key offline on a piece of paper (or sometimes other physical media, such as commemorative coins). Since paper wallets store keys offline, they are considered fairly secure if stored and printed correctly taking adequate security precautions. Bitcoin wallets like Armory provide secure functionality to generate paper wallets. Paper wallets are also a popular gift-card mechanism for storing and gifting small amounts of Bitcoin.