What is a brain wallet?
Brain Wallet
A brain wallet is created when a private key is stored inside the user’s memory either in the form of a seed phrase or a password, giving you a portable “bank account” inside your head.
There are many advantages of brain wallets - they are always with you and they are not written down anywhere and are therefore safe from hackers.
However you should not consider storing large amounts of money in brain wallets, since if you suffer any medical conditions like amnesia, stroke or dementia you will lose access to your funds forever. Kidnapping is also a possibility if someone knows you have a large amount of funds secured by a brain wallet.
Some people use stories to remember seed phrases e.g here is a seed phrase : “witch collapse practice feed shame open despair creek road again ice least”
Remebering these 12 words (in the correct order) is tricky, the following would be an example of how to remember them:
You imagine looking in the first room and seeing your mother dressed as a witch, playing the jenga boardgame until the tower collapses.
You walk to the next room and see your father practising with a longbow, he shoots a chicken to feeds himself.
In the next room you see your brother naked in shame attempting to cover himself, he's looking through a window that's open and flapping in the wind.
Now you reach the kitchen, girlfriend is looking at Picasso's Guernica on the wall. She is in despair from it. Next to it is a television playing the show Dawson's Creek.
Next you're in the garage, your childhood friend is working on his car. He plans to go on a road trip for the 5th time this month, he's going again.
Finally to go outside to the garden. It's early spring and the ground is covered in melting ice. Two of your other friends are there, one friend has a huge basket of apples, the other has a smaller basket but you're holding only some apples. You've got the least apples.
Below are two sites that can be used to generate paper brain wallets, one is for the cryptocurrency called Dash (Dash) and the other for bitcoin (BTC) - however, do remember that you are connected to the internet by default when generating your public & private key pairs!
