will a wallet

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WILL A WALLET! • Moira L. Morrison • Moira L. Morrison

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Post on 14-Apr-2017

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WILL A WALLET!• Moira L. Morrison• Moira L. Morrison

Add wallet option .... WillCreate a basic smart contract will by implementing these colored coins protocol rules 1) inheritors are authorised holders of recipient bitcoin addresses able to receive the

inheritance asset2) minters are recipients of the encrypted private key assets that unlocks the deceased’s wallet3) fees can be defined and paid to legal addresses on transfer

API integration allows you to plug in the option WILL as an additional tab on the wallet menu bar.

This tab allows the wallet owner to Compose his WILL, pass on re encrypted keys, and for the proxys to start the executor,

Compose a color coin will.

Declare the inheritance assets and recipients bitcoin addresses (marked with a blue star

Declare the minters recipients of the private k,mey

(marked with a red star)

Pass on private key reencrypted for proxy

the wallet file may contain more than one private keys

The executor code needs the deceased private key to access, bi--directionally, each of the wallet transactions so this process calls for some extra security work. Proxy private key re-encryption with private keys that can only spend part of the wallet.

Wallet unlocked after deathHaving been informed of the death by the probate solicitors the minters are contacted to unlock the wallet. The executor is triggered allowing the wallet to be distributed to the beneficiary addresses from the database.

Colored coin walet with digital assets balance.