Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/who-inherits-your-bitcoin-when-you-die-kresus-wants-an-answer-built-into-the-wallet.
Kresus launched a $99.99-a-year inheritance service that passes on crypto after death with no key sharing. We map the mechanics, the market and the catch.
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Kresus has launched Kresus Inheritance, a $99.99-a-year feature that lets self-custody users pass crypto to a named beneficiary after a period of inactivity, with no key sharing. The problem is real: roughly 3 to 4 million bitcoin are already gone for good, and 89 percent of crypto owners say they worry about succession. Kresus is not the first mover. Casa, Nunchuk and Vault12 got here earlier, with heavier machinery. Kresus's bet is price and simplicity. The catch is mechanism. The release is thin on how a beneficiary actually claims assets without a key handoff, and an inactivity trigger carries its own failure modes.