Family asset inheritance: the epochal change from traditional wealth to crypto assets
As crypto assets such as Bitcoin gradually gain mainstream recognition, many families have begun to include them in their long-term asset allocation and think: How can these crypto assets, which are constantly growing in value and in their own hands, be safely passed on to the next generation?
Why is the traditional method of passing on mnemonics undesirable?
Many users try to inherit their mnemonics by writing them down on paper and giving them to their loved ones, but this method hides major risks:
Unsafe: A piece of paper may be stolen, burned, or damaged by water, and once lost, it cannot be recovered;
Uncontrollable: You may want to “pass on the coins after I die”, but as long as someone gets the mnemonic, he can transfer the coins at any time , which is beyond your control;
Unverifiable: You cannot know whether the other party has used, copied or leaked it, nor can you revoke the intention to pass it on.
NexVaults Family Inheritance Solutions
In response to the actual needs of home users, NexVault has launched a crypto asset management solution designed specifically for family inheritance, solving the dual problems of how to inherit reasonably and how to keep it for a long time without sacrificing security.
1. Native multi-signature, decentralized architecture, ensuring asset security
NexVault is based on the multi-signature mechanism of the native public chain, allowing users to assign asset management rights to different family members or trusted parties, for example: parents hold the primary signature right, and children or designated guardians hold the backup signature. By setting the multi-signature threshold (such as 2/3), co-management but no single point of control is achieved to prevent loss or tampering.
2. KeyVault offline signature to ensure long-term security of mnemonics
The KeyVault module paired with NexVault provides the ability to encrypt and save mnemonics offline . It uses a key derivation algorithm that combines Argon 2 and Scrypt to generate encryption keys to ensure the security of encrypted data. It also supports the storage of mnemonics in the form of QR codes to ensure that assets can be successfully retrieved even if the device or network environment changes in the future.
Conclusion: A new era of family inheritance
At the intersection of traditional finance and Web3 technology, the asset form has undergone profound changes, and the way of family inheritance also needs to be iterated. NexVault provides a complete solution that not only has a compliance concept but also is based on the underlying security logic of the blockchain.
Being responsible for the future is not just about buying crypto assets, but also about ensuring that these assets can be passed on to the next generation safely and stably. The inheritance of family wealth is entering the era of crypto, and NexVault is the starting point of your trust.
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