Sarcophagus Uses Crypto to Secure Digital Asset Inheritance
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Sarcophagus is a digital "dead man's switch" that uses cryptography to release encrypted files if someone dies or becomes incapacitated. It helps people recover lost crypto wallets or pass on digital assets.
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It works by encrypting files and storing them permanently on a decentralized network. Users pay "protectors" to ensure files are released to recipients if the user stops attesting they are alive.
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Sarcophagus depends on no third party for operation. Crypto technology ensures files stay private and financial incentives encourage cooperation between parties.
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It has raised $6 million in funding to date. A decentralized organization governs the project's treasury and development.
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The creator envisions more accessible "boomer products" being built atop Sarcophagus to make the crypto infrastructure easy to use for passing on digital assets.