As the popularity of digital assets gains momentum, many people are realizing the need to properly manage their assets. The cryptocurrency market hit the $155 billion mark in terms of value at the start of 2017. The figure represents a huge increase from just $11 billion at the beginning of the previous year. This boom has seen the price of Bitcoin surge to an all-time high of almost $20,000.
The majority of people investing in cryptos like Bitcoin, Litecoin and Ethereum are looking to earn a profit. Yet, in the midst of the buzz most investors are not planning about managing their digital assets in relation to inheritance. Without a proper digital asset management plan, heirs will find it difficult to recover the assets once the owners pass away. The assets are not easily transferable like most physical assets.
Fortunately, entrepreneurs like Marie-Antoinette Tichler are introducing blockchain-based digital assets estate management platforms. Tichler is the founder and CEO of C2Legacy platform, which provides a secure and reliable way to manage assets in a way that makes it easier to transfer the assets to beneficiaries. Failure to rely on asset management platforms can lead to the loss of assets worth thousands or millions of dollars following the owner’s death.
Although some investors feel that they can pass on the inheritance by simply keeping multiple copies of private keys or passwords of the digital wallet, doing so presents a significant security risk. C2Legacy provides a viable solution.
Bitcoin is the most popular cryptocurrency available to people around the world. Satoshi Nakamoto introduced it in 2009 as open source software. Its introduction triggered a revolution that saw many blockchain-based currencies enter the market. The currency provides a secure peer-to-peer payment system that has been credited for democratizing access to digital assets.
In addition, it enables users to handle transactions without the involvement of intermediaries, thus improving speed and convenience. Bitcoin relies on a cryptographic hash function to regulate the creation and transfer of the currency. Payments are transmitted from one user to another by broadcasting digitally signed messages to the underlying network.
Participants in the network are known as miners and they have the ability to monitor and timestamp transactions. This function is made possible by the use of blockchain technology. New users will find the Bitcoin peer-to-peer payment system easy to use. Individuals need to install the Bitcoin system on a desktop or mobile device. Doing so generates the initial Bitcoin address with the ability to generate additional addresses.
The address enables various parties to transact in the network. Meanwhile, the blockchain technology is a shared public ledger designed to ensure privacy, transparency and security of all transactions handled by the system. Confirmed transactions are listed in the blockchain for participants to verify and timestamp. This enables wallets to update the available balance. Cryptography is used to enforce the chronological order of the transactions.
Marie-Antoinette Tichler, founder and CEO of C2 Legacy
Marie-Antoinette Tichler is well known for introducing innovative solutions and educating people about their digital legacy. She has developed digital solutions aimed at helping underserved youths. This has enabled many youths to acquire critical skills in technology. She is the founder of Growing Up Mobile Program, which was adopted by a large youth outreach organization.
Her passion for digital currencies and assets led to the introduction of C2 Legacy project, which is geared to become one of the most prominent digital asset management platforms. She was inspired by real life events that made her realize the importance of ensuring that the inheritance of digital assets is properly managed.
Marie-Antoinette is also fascinated by the potential created by digital currencies. Many people are destined to become cryptocurrency millionaires. She likes calling them cryptoillionaires. The potential to create a new society based on virtual wealth is an extraordinary feat that will undoubtedly benefit the next generation.