Bitcoin receives a wallet with automatic inheritances

The Nunchuk wallet launched its version 2.0, which allows automating BTC transactions for addresses assigned as heirs.

Nunchuk, an exclusive wallet for Bitcoin, presented its version 2.0, an update that introduces “autonomous inheritances”.

This function is described as “the first assisted inheritance solution for Bitcoin with a backup system on the chain, designed to survive the company that created it”.

In other words, the new system, published on November 12, allows for establishing an automatic mechanism to transfer a user's funds in the event of death, loss of access, or disappearance of the developing company.

The proposal aims to solve a historical problem of the ecosystem: what happens to bitcoins (BTC) when their owner can no longer access them.

How is it possible to automate transactions in Bitcoin?

Nunchuk manages to implement automatic inheritance by combining two technologies specific to Bitcoin: miniscript and on-chain timelocks.

On one hand, miniscript is a language that allows securely and flexibly structuring the conditions under which bitcoins can be spent, while on the other hand, timelocks establish timeframes that must be met before a transaction is valid. $BTC