Cryptocurrency News

Crypto inheritance: Are HODLers doomed to rely on centralized options?

05/24/2022

Less than a minute

2022.05.24 00:41

Crypto inheritance: Are HODLers doomed to rely on centralized options?

Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with self-sovereignty, however, is inheritance.

An estimated 4 million Bitcoin (BTC) has been lost over time and now sits in inaccessible wallets. How many of those coins belong to HODLers who passed away without sharing access to their wallets with anyone else is unknown? Some believe Satoshi Nakamoto’s estimated 1 million BTC fortune hasn’t been touched for this very reason: No one else had access to it.

05/24/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 67,064.97 0.99%

Ethereum (ETH) $ 2,613.75 1.44%

Tether (USDT) $ 0.999603 0.09%

BNB (BNB) $ 588.37 1.88%

Solana (SOL) $ 164.81 2.36%

USDC (USDC) $ 1.00 0.08%

XRP (XRP) $ 0.529795 2.74%

Lido Staked Ether (STETH) $ 2,614.07 1.39%

Dogecoin (DOGE) $ 0.138268 5.45%

TRON (TRX) $ 0.160302 0.70%

the-open-network

Toncoin (TON) $ 5.20 0.83%

Cardano (ADA) $ 0.363805 0.78%

Avalanche (AVAX) $ 27.22 3.31%

Wrapped stETH (WSTETH) $ 3,087.51 1.41%

Shiba Inu (SHIB) $ 0.000018 3.33%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 66,908.93 0.92%

WETH (WETH) $ 2,612.64 1.41%

Chainlink (LINK) $ 11.71 2.25%

Bitcoin Cash (BCH) $ 354.93 2.68%

Polkadot (DOT) $ 4.27 3.42%

Dai (DAI) $ 1.00 0.08%

Uniswap (UNI) $ 7.77 2.22%

NEAR Protocol (NEAR) $ 4.62 4.05%

LEO Token (LEO) $ 6.07 0.04%

Aptos (APT) $ 10.46 5.06%

Sui (SUI) $ 1.91 5.48%

Litecoin (LTC) $ 69.29 2.30%

Wrapped eETH (WEETH) $ 2,745.38 1.40%

Pepe (PEPE) $ 0.00001 3.83%

Bittensor (TAO) $ 543.36 2.94%

internet-computer

Internet Computer (ICP) $ 7.84 2.61%

Artificial Superintelligence Alliance (FET) $ 1.33 4.52%

Kaspa (KAS) $ 0.133088 0.46%

Monero (XMR) $ 157.71 0.18%

Stellar (XLM) $ 0.095086 1.31%

Ethereum Classic (ETC) $ 18.89 2.99%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.363647 2.62%

Stacks (STX) $ 1.80 2.15%

first-digital-usd

First Digital USD (FDUSD) $ 0.999039 0.21%

WhiteBIT Coin (WBT) $ 18.15 1.51%

Ethena USDe (USDE) $ 1.00 0.03%

Immutable (IMX) $ 1.47 5.03%

OKB (OKB) $ 40.17 0.29%

dogwifhat (WIF) $ 2.41 5.33%

Arbitrum (ARB) $ 0.576095 3.78%

Aave (AAVE) $ 150.59 2.28%

Filecoin (FIL) $ 3.76 3.32%

Optimism (OP) $ 1.70 2.38%

crypto-com-chain

Cronos (CRO) $ 0.076774 1.68%

Mantle (MNT) $ 0.603103 1.11%