No More Bits Of Paper: Innovation Is Solving Crypto's Inheritance Issues At Last

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One of the most overlooked aspects of cryptocurrency is the question of what happens to it if you die? Crypto inheritance is something that should be planned in advance, but sadly it is often ignored. 

There’s a lot of evidence to back this up. It’s believed that around four million Bitcoin has been lost forever in wallets that can no longer be accessed, and in many cases that’s because the owner passed away without passing on their seed phrase. Some speculate that this is what happened to Bitcoin’s creator Satoshi Nakamoto, who vanished with billions of dollars worth of BTC left untouched in idle wallets. 

If you happen to have any worthwhile amount of cryptocurrency savings, it’s important to consider what will happen to those assets in the event you pass on. Thankfully, decentralized solutions from startups such as Serenity Shield have emerged to simplify how investors can pass on their digital assets.

Many people will simply jot down their seed phrase on a piece of paper somewhere and inform their loved one where it is, in case the inevitable happens sooner than they plan. But doing so is risky, as that piece of paper can easily be misplaced, or worse, be found by someone else. If that happens, your entire digital assets could be lost forever, with no recourse available. 

So a better solution is needed for crypto inheritance. You could, of course, simply write a will and leave it with your lawyer or solicitor to deal with. Unfortunately, this still means having to write down the key, and placing a lot of trust in your legal representative. The only advantage of creating a