What happens if the owner of his work dies "bitcoin" before he detects her digital code?
bitcoin·@heshamsaad·
0.000 HBDWhat happens if the owner of his work dies "bitcoin" before he detects her digital code?
Amidst the news of the standard rises of electronic currencies, at its Forefront (bitcoin) and its extensive gains in short periods, it has captured with her on world news headlines, the question arises among some spectators on the trading screens, what will happen if the digital currency holder dies before it reveals its symbol Digital for anyone else, can this wealth in a virtual world be passed unprotected by any control authority of the heirs or even the partner?
The answer may seem shocking to investors, especially those who are secretive in their dealings in this field, and who do not prefer to disclose the volume of their trades or even just expose their secret to anyone, for multiple reasons, some of them family and business, and sometimes for the objectives of their content, so many of them have a hypothetical name Over the internet, without disclosing the details of his possession of the coin even to his cronies.
According to the digital currency trading mechanisms, and in the forefront ("bitcoin"), the Buyer party establishes a portfolio in which it collects its stock of encrypted currency and this wallet has a secret code in the records of all of its transactions in digital books, known only by its possessor, and through this code, it can manage its portfolio either With an investment expansion, a reduction in weight, or even final disposal and closure.
In a simple way, the two parties must install the E-Wallet software on the computer or create portfolio accounts at one of the sites that provide that service as a Blockchain.info site.
The first party enters the address of the wallet for which it wishes to send money, writes the amount, and then presses to send, and the operation is recorded in the network so that the sending person will not be able to send those funds again to another destination.
Unless the deceased was given the same possession code for any reason, and the most famous cases of sudden death, no one can open the wallet, even the main holder for this coin, he can't open it again. If the code is lost, its safe from the digital currency will still be used as an Internet space in the total currency balance Encrypted without a real holder, this lifetime may persist.
One characteristic of this currency is the absence of a mechanism to reverse conversions, and the conversion is done to the so-called wallet (Wallet) directly, which is accessed for a title path that resembles the account number, but it contains letters and numbers, and the wallet is not linked to the name of a particular person or e-mail, which makes the system (Bitcoin) Provides great privacy for users.
Individual investors may be the most vulnerable to these concerns, as they work in this area in a personal way, involving only the customer and himself, without any knowledgeable parties on the protection code, even if they are close.
The governor, who is established through companies specializing in the management of the investment of digital currencies, is heavily immune to these possibilities, and their codes are usually institutionalized, ensuring their transition and reencryption.
But is it reasonable to keep this wealth idle looking for new owners for life? Mostly yes, except for some rare and complex situations in which the ownership of such trapped riches can be restored in the internet world, where sometimes the heirs to the Pirates to help them, the pirates often work in a lone wolf way, looking at the internet on dormant accounts for digital coins.
As hackers constantly seek to penetrate dormant, or even active, cash accounts that are not well secured by defensive buffers against scam, hackers find the digital currency market, an extra window, through which they can expand their operations, constantly racing to break the means Protection for the governor (bitcoin»), and other digital coins, especially for individuals, in an effort to regain control of them, and to dispose of their assets later.