Losing or forgetting the password of a digital asset wallet does not necessarily have to be a headache, since there are inheritance wallets, which allow family members to recover said assets in this case, when the holder dies or is incapacitated.

Inheritance wallets are emerging as a solution to avoid losing the cryptocurrency balance, as has happened to thousands of people around the world for different reasons.

If it is a case of forgetting or losing the password, guardians or beneficiaries can be designated who are able to help recover this information without compromising privacy.

In the event that the holder is still alive but cannot manage his assets, the heirs can activate these wallets through scheduled inactivity mechanisms, such as six months or a year, and if during that period there are no movements or authentication, the transfer of funds to the registered beneficiaries is activated.

Other fund transfer mechanisms are smart contracts or multi-signatures in cases where the conditions specified in such mechanisms are met.

It is important to remember that solutions must be foreseen to resort to in case of loss of the password of an inherited wallet so that the beneficiaries can restore it from other devices.

M.Pino

With information from Criptonoticias

(Reference image source: Ewan Kennedy on Unsplash)

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This Monday, the death of the president of Iran, Ebrahim Raisi, was confirmed after the aircraft he was traveling in had to make a forced landing due to bad weather conditions.

The search and rescue was unsuccessful due to strong winds and thick fog that reigned in the area of ​​the accident. According to local television, the Minister of Foreign Affairs, Hossein Amir-Abdollahian, also died in the accident along with other people.

 

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Una publicación compartida por BBC News Mundo (@bbcmundo)

Search teams were able to reach the site of the accident, in the northwestern region of the country, in the territory of Jolfa, near the border with East Azerbaijan. However, according to Iranian media, there were “no signs of life”.

The leaders of different nations of the world have expressed their regret for the death of Raissi, and their condolences to the Iranian people.

La República Bolivariana de Venezuela expresa su profunda consternación por el terrible incidente ocurrido este 19 de mayo, en un helicóptero donde viajaba el presidente de la República Islámica de Irán, Ebrahim Raisi, acompañado del ministro de Relaciones Exteriores, Hossein… pic.twitter.com/QiW0CrtESR

— Yvan Gil (@yvangil) May 20, 2024

New official data are expected as authorities collect data on the incident. It is important to note that according to the country’s Constitution, the vice president must assume command and the elections will be held within 50 days.

M.Pino

With information from national and international media and social networks

(Reference image source: engin akyurt in Unsplash)

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