Family Asset Inheritance: The Era of Transformation from Traditional Wealth to Crypto Assets

As cryptocurrencies like Bitcoin gradually gain mainstream recognition, many families are beginning to incorporate them into their long-term asset allocation and are pondering: How can these ever-growing, self-held crypto assets be safely passed on to the next generation?

Why is the Traditional Mnemonic Phrase Inheritance Method Not Advisable?

Many users attempt to achieve "inheritance" by writing down their mnemonic phrases on paper and giving them to family members, but this method carries significant risks:

• Insecurity: A piece of paper can be stolen, burned, or damaged by water, and once lost, it cannot be recovered;

• Lack of Control: You may wish to "inherit after my death," but as soon as someone obtains the mnemonic phrase, they can transfer the coins at any time, beyond your control;

• Unverifiable: You cannot know if the other party has already used, copied, or leaked it, nor can you revoke the intention of inheritance.

NexVault's Family Inheritance Solution

In response to the practical needs of family users, NexVault has launched a crypto asset management solution specifically designed for family inheritance, addressing the dual challenges of "how to reasonably inherit" and "how to securely store long-term" 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 allocate asset management rights to different family members or trusted parties. For example, parents hold the primary signing authority, while children or designated guardians hold backup signatures. By setting a multi-signature threshold (e.g., 2/3), it achieves "co-management but not single-point control," preventing loss or tampering.

2. KeyVault Offline Signing, Ensuring Long-term Security of Mnemonic Phrases

The KeyVault module, paired with NexVault, provides the ability to securely store mnemonic phrases offline, using a key derivation algorithm that combines Argon2 and Scrypt to generate encrypted keys, ensuring the security of encrypted data. It also supports storing mnemonic phrases in QR code format, ensuring that even with future changes in devices or network environments, assets can still be smoothly recovered.

Conclusion: A New Era of Family Inheritance

At the intersection of traditional finance and Web3 technology, the form of assets has undergone profound changes, and the methods of family inheritance urgently need iteration. What NexVault offers is a complete solution that is both compliant and grounded in the underlying security logic of blockchain.

Being responsible for the future is not just about purchasing crypto assets; it is also about ensuring that these assets can be safely and steadily passed on to the next generation. The inheritance of family wealth is entering the crypto era, and NexVault is the starting point of your trust.

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