Crypto inheritance: Are HODLers doomed to rely on centralized options?
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....
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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 […]
Kirobo’s new inheritance solution allows users to generate and execute an automated last will without the need for lawyers, government authorities, or any other centralized entity. The concept of cryptocurrency inheritance continues to rapidly evolve as the decentralized finance (DeFi) industry spawns more ways to make a “crypto will.”The Israeli crypto software provider Kirobo is moving to tackle a major void in the DeFi industry by providing crypto investors with an opportunity to pass private keys or transfer funds according to their last will.The firm announced on May 31 the launch of....
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 […]
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 […]
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.....