Succession™ (SCCN) is a cryptocurrency that aims to solve the problem of transferring digital assets upon death or loss. Traditional estate planning methods can be costly and inefficient, often resulting in confusion and abandonment of digital assets. With Succession, users can add beneficiaries who will inherit their assets in a secure and trustless manner. By leveraging smart contract technology, owners can designate beneficiaries for their crypto assets, ensuring that their intended shares are passed on to their loved ones, charities, or successor businesses.
Succession (SCCN) provides a Decentralized Application (DApp) that interacts with the blockchain to create a certificate of assets, which can be transferred upon the death of the digital asset owner. The DApp utilizes hybrid smart contracts to initiate functions on the blockchain, enabling the secure and efficient transfer of assets. Security is a top priority, with encryption and multi-sig capabilities ensuring the protection of users’ assets. With Succession, individuals can protect their assets and preserve their legacy all in one app.
As an added layer of security, the SCCN web and mobile platform is hosted on cloud servers with AES 256-bit encryption. Users’ login data is randomly hashed using a key derivation function and a random salt. SCCN coin is generated by the Ethereum protocol, a decentralized blockchain with smart contract functionality. By combining the law and blockchain technology, Succession aims to enhance blockchain participation and provide users with peace of mind regarding the transfer of their digital assets to their chosen beneficiaries.
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