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This is a solved problem. Entities that have to custody large amounts of crypto use multi-sig wallets where N of M keys are needed to unlock them. The keys are
by thesausageking 5y ago
This is a solved problem. Entities that have to custody large amounts of crypto use multi-sig wallets where N of M keys are needed to unlock them. The keys are given to a N people and kept in different locations. If someone dies, N of the remaining people can move the assets to a new wallet.
- jll29 5y agoThat's how Ethereum founder V. Buterin manages his online assets: https://www.youtube.com/watch?v=XW0QZmtbjvs&list=RDCMUCSHZKyawb77ixDdsGog4iWA&start_radio=1&rv=XW0QZmtbjvs&t=79 https://www.youtube.com/watch?v=XW0QZmtbjvs&list=RDCMUCSHZKy...