Bitcoin.com News
Bitcoin.com News|Feb 27, 2025 12:32
🔑 Block (@blocks), the Bitcoin company co-founded by Jack Dorsey, is tackling a major issue in the crypto world: inheritance! With Bitcoin's unique system, losing access to a private key can mean funds are lost forever. 💸 To address this, Block has introduced a new feature linked to its Bitkey hardware wallet, allowing users to transfer funds to loved ones after six months of the owner's death. This innovative solution aims to ensure that significant amounts of Bitcoin can reach the next of kin without the need for third parties. 🛡️ Jason Karsh, head of Bitkey, emphasizes the growing need for such solutions as more people hold substantial Bitcoin assets. This could be a game-changer for families, preventing a multibillion-dollar problem from arising in the future. In addition to this, Block is also venturing into producing its own mining chips, further expanding its footprint in the Bitcoin ecosystem. What do you think about this inheritance solution? Is it a step in the right direction for crypto? Let us know your thoughts! 💬
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