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The video tutorial introduces version 2.0 and addresses common questions, particularly regarding backing up seed phrases. It clarifies that version 1.0 cannot be upgraded to 2.0 due to the manufacturing process of the card, where the chip is molded and its firmware cannot be altered. This design ensures the chip remains secure and tamper-proof, which necessitates purchasing version 2.0 for those features. Additionally, the presenter hints at discussing best practices for importing or generating a seed phrase, indicating important considerations for users in securing their information.