MyWill Your Asset Safeguard Solution In The Future
Hello guys
Let's ask you one quick question
How valuable is your will? What of your most precious assets? Do you think the deserved to be in a more secure area then think My last will
Or let's say, you have 100 BTC
Wow that's much like 150 million when converted in my local currency. And all of a sudden it is vanish, you are lost your memory, remember you are taking about your life investment here, or let's say you need a secure place to keep that most valued assets of yours. well do not be scared Good news
MYWILL IS HERE TO THE RESCUE.
MyWish platform is dedicated to solving the issue. The platform allows creating and executing the
rules for distribution of funds using smart contracts and decentralized environment for calling them.
Our mission is to bring common money-related practices into the crypto world: automatic regular
payouts, wedding agreements, wills, lost wallet keys protection etc.
We make using crypto assets safe and convenient.
From the user’s point of view, MyWish is a mobile application and a website where anyone can easily create a smart contract and then manage it.
The simplest contract consists of three parts: wallet (source), conditions, and wallet (destination). The conditions determine, when the transfer of funds must be done. The platform supports full life cycle of a contract: creation, starting, monitoring and completion.
It provides the tools for management and customization of personalized contracts. Unlike other projects dedicated to smart contracts in general, MyWish platform focuses on the crypto
funds management under various life circumstances. Main features of the platform are:
- the platform implements the decentralized environment for calling smart contracts, ensuring performance of the contract even in the absence of the platform;
- User-friendly interface, multiplatform
- integration of external developers contracts is implemented;
- transfer of crypto assets to heirs’ traditional banking accounts integration.
MORE ANALYSIS
will has always been very complicated especially with some family members who hate each other, some would want to alter it to their favour, what guaranteed that your will is intact even after you are not?
This is why u need MYWILL in your life Gaining access to a family member’s bank account after their death is reasonably easy: every jurisdiction has clear rules governing probate of assets and unless a dispute arises (usually between the family members), the process is straightforward.
Token wallets are not bank accounts and they are regulated by digital media rules: in accordance with the law, individuals can leave instructions for their intellectual property and digital media in case of
death. For most people, emails, music, photos, Facebook and Instagram accounts will constitute the
majority of our digital legacy; but if accounts are locked, problem of passing the tokens to our dears or friends in case of death or serious injury does not have a convenient solution.
Let’s consider how family members can receive tokens. If a bitcoin wallet was left “open” and if
family members know about it, they can transfer the money out with just a few clicks. However, this
works only in the case of the family being aware of its existence. Spouses or relatives may inspect
smartphones or computers for valuable data, but very few people will look for bitcoin wallets. What’s more, bitcoin wallets can be anywhere.
Moreover, passwords that allow direct access to valuable information such as bitcoin wallets should
not be kept in wills, but that does not mean that this cannot be done indirectly. Passwords can be
stored somewhere safe, while the will can be used to pass down instructions.
HERE IS A RUN DOWN OF THEIR SMART CONTRACT
Starting with Bitcoin (BTC), digital currencies have allowed money to be moved over the Internet
without the need for intermediaries. This is possible by the use of public registers of information about transactions that are copied many times and updated to the blockchain. The special computer software on the blockchain, which will be executed by a network of computers, is called smart contracts. Smart contracts are the key to unlock the world, where any computer-
oriented task can be performed completely autonomously and correctly, without fear of external
manipulation or imitation.
The main problem for many users when working with services such as PayPal is that the service
administrators have too much authority to manage the account or asset stored in their system, which
allows them to freeze accounts and cancel transactions for any reason. But, using smart contract
technology, these small financial tasks become available to all who can use it in a fully automated,
independent way, which writes these tasks down directly to the blockchain. This technology excludes
the possibility of closing banks or financial institutions and changing, deleting transactions, and also
ensures that each payment will be made exactly as indicated, without any risk of misuse or malicious
interference.
Although the ways of setting up simple smart contracts exist for many digital currencies, after the
launch of the Ethereum in 2015, it became possible to program the Turing complete smart contracts.
The Ethereum is a computer network based on the blockchain, in combination with the platform
currency (ether) implemented a powerful distributed computing environment called the Ethereum
Virtual Machine (EVM). Within the framework of the platform, the programming language for writing smart contracts, focused on EVM, called Solidity, implements the usual high-level programming concepts that allow you to write complex smart contracts. However, these smart contracts are supposed to be written by programmers, and that makes them available to a limited number of users.
Although smart contracts are unambiguous in their meaning, only those who are familiar with the
programming language can understand them, so, it makes it difficult to reach an agreement with any
party that does not have technical knowledge.
There are also other problems with smart contracts: even when they are written by capable
developers with good intentions, they can contain errors that lead to problems in work and even
to loss of assets. For example, DAO Hack led to a direct loss of 3.6 million ETH. A well-tested smart contract would not have such vulnerability and would not allow an attacker to withdraw someone
else’s funds.
Companies strive to use smart contracts in their work, correcting their various faults. Without easy-
to-use, proven and reliable methods to effectively create accurate smart contracts, their widespread
adoption will never happen. Simply put, smart contracts will allow you to use advanced locking options.
For more information click below :
Website: https://mywillplatform.io/en/
Facebook: https://www.facebook.com/MyWillPlatform/
Twitter: https://twitter.com/mywillplatform
My Bitcointalk (citacititut) : https://bitcointalk.org/index.php?action=profile;u=1155701
Komentar
Posting Komentar