Casa introduced the Casa Covenant service, which allows you to transfer bitcoins to the heirs of their owner. The service uses multi-signature and its own security protocol.
Announcing Casa Covenant!
A Bitcoin Inheritance Service that solves the question:
“What happens to my bitcoin when I die?” Https://t.co/NtLuD9sy4P
– Casa (@CasaHODL) October 16, 2019
To date, there are three scenarios:
- after death, bitcoins are lost forever;
- the private key and instructions were transferred to a relative or other close person, which creates a risk of compromise;
- the private key is at the disposal of the custodian, most of whom do not have a procedure for transferring coins to heirs.
The customer needs to open a Keymaster account in Casa. After death, the deceased's private key on a hardware device, one of the parts of the multi-signature, will be transferred to the control of his lawyer by inheritance.
At the same time, Casa will provide both the lawyer and the family of the deceased with the necessary educational base to ensure the security of the transfer process and the further storage of bitcoins.
Casa Covenant multisignature requires 3 out of 6 keys – an additional lawyer key, a Casa key and a deposit box key.
Casa Data
Previously, they tried to solve the problem of bitcoin inheritance. In 2015, entrepreneur Andreas Antonopoulos created Third Key Solution. Its CEO Pamela Morgan introduced the Bitcoin Inheritance Solution at the Baltic Honeybadger Conference in 2017.
Here's the companion article: “Humans Die. Cryptocurrencies Don’t. ” @Pamelawjd https://t.co/09XOgX5VmL
– Pamela Morgan (@pamelawjd) November 25, 2017
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