Crypto Heritage: The Digital Asset Market is Ripe for Proper Inheritance Fram...
Inheritance is one of the most neglected issues in the emerging crypto ecosystem; according to the most recent market analysis, close to 4 million Bitcoin (BTC) are currently inaccessible. A good number of these coins belonged to crypto investors who passed away before laying out a proper heritage structure. Was it their fault or the […]
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Binance founder and Chief Executive Changpeng Zhao says the crypto world has an inheritance problem that’s yet to be solved, and argues that DeFi will not see mass adoption until it comes up with a solution. Crypto inheritance is certainly a major headache for anyone who possesses significant digital assets, but it’s not the insurmountable […]
As a writer who earns bitcoin and saves as much as I can with a family of four, I’ve recently begun preparing my family’s digital inheritance. When I pass, my wife will take over all of my assets, and this includes bitcoin. Preparing another person to gain access to their bitcoin private keys before death is necessary. Death and Digital Inheritance.....
Serenity Shield, a non-custodial crypto company launches to solve the inheritance issue across the cryptocurrency community. Serenity Shield is launching in a bid to provide users with a non-custodial private key inheritance and a blockchain wealth management system. Announced in April, the platform will “focus on very real issues of managing large sums of wealth […]
Bitcoin and the blockchain could be an attractive ally in this regard, as it would allow for the creation of cryptographic heritage. Cultural heritage is one of the most important cornerstones of our society these days, yet we are doing an awful job at protecting it. MIT seems to be exploring the usage of blockchain technology in this regard, which would effectively be called cryptographic heritage. Cultural heritage as we know it is often recorded in oral history or written form, but that is not always the easiest of tasks these days. Especially during times of....
Are crypto inheritance solutions a centralizing force? To some, yes, but to others, decentralized solutions are out there. Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with self-sovereignty, however, is inheritance.An estimated 4 million Bitcoin (BTC) has been lost over time and now sits in inaccessible wallets. How many of those coins belong to HODLers who passed away without sharing access to their....