TokenPocket Launches On-Chain Asset Inheritance Feature Without Third-Party Custody
JH Kim
Summary
- TokenPocket said it has launched a feature that allows users to pass on their on-chain assets.
- Users can designate an heir and set an account inactivity period and a waiting period, allowing the inheritance process to begin once those conditions are met.
- The feature is based on EIP-7702 and can be used for emergency wallet access and long-term asset management without third-party custody or sharing a seed phrase.
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Decentralized crypto wallet TokenPocket has launched a feature that allows users to pass on their on-chain assets to heirs.
Cointelegraph reported on Sept. 22 that users can designate an heir and set both an account inactivity period and a waiting period. Once those conditions are met, the designated heir can begin the inheritance process.
The feature is built on Ethereum Improvement Proposal EIP-7702 and does not require users to entrust assets to a third party or share their seed phrase.
TokenPocket said the feature can be used not only for asset inheritance, but also for emergency wallet access, large asset holdings and long-term asset management.
JH Kim
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