Zengo has launched a new feature called Legacy Transfer that allows users to designate a beneficiary who will inherit their cryptocurrency.
has launched a feature called Legacy Transfer that allows users to designate a beneficiary who will inherit their cryptocurrency assets if they become inactive for a specified period of time.
The Legacy Transfer feature is built upon Zengo’s existing Multi-Party Computation infrastructure, which eliminates the need for traditional private keys or seed phrases. Instead, it centers on user controls and three-factor authentication . Rather than relying on a single point of failure with traditional private keys, Zengo’s infrastructure divides the responsibilities of private key generation and signing between the user’s device and its servers. These components are secured through Threshold Signature Scheme cryptography.
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