🤯 What is your encryption after you disappeared?! Have you ever thought about Digital Digital Heritage? GRINY jump into a groundbreaking solution and join us in front of us in front of the world’s largest art collection: Vault12! Wasim Ahmad explains how their innovative apps use military encryption and secret sharing of Shamir. 🔑 Learn how to fly cold wallets, clouds, and even the world to bank vaults (eg, this is a real story!). Suitable for those who think about encryption holders and long -term digital inheritance. Do not let your digital property disappear! ➡️ Watch now and secure the future! #Cryptosonheritance #vault12 #digitalLegacy
Josh Lange Dr.:
GMGM, GM, all. Dr. Josh. I am here with Crypto Mondays Global. I am with me as a young gentleman named Wasim Ahmad, co -founder of Vault12. You may have heard about Vault12. Because it is one of the first and most famous inheritance apps and systems that can keep Crypto in the long run even after death. As you can see, welcome to Crypto Mondays Global.
Wasim Ahmad:
Thank you, Professor.
Josh Lange Dr.:
To talk about professors, you will know Professor Langdon.
Josh Lange Dr.:
Although not lange, the Langdon of the Dan Brown film knew that the missing cup of Christ was in Louvre for a whole time. And it is a way to maintain a repository for a long time even after the inheritance protocol dies with the most important assets. And right behind us, there is exactly that pyramid. And you just told you to Wasim. This is also the store of the world’s largest art collection.
Wasim Ahmad:
The biggest, yes, this is the world’s largest art repository. And as you know, the pyramid has always been a safe of mummy and treasure. Yes, this is a wonderful place to do this.
Josh Lange Dr.:
Talk about Vault12. Now we do not know what is there with Mummy and Pyramids, but what do you know who knows what’s there in your protocol? Please tell us ABO
Wasim Ahmad:
So we have an app that can be downloaded from the App Store, which means that you can create a digital safe and put you in the safe as the owner of the safe. So it can be your encryption key. It can be a mysterious video about what 12 words are.
Therefore, there are many choices and formats that can be used to store information in the safe, but it is usually a personal key, seed phrase or similar. Then when the information is encrypted and then divided into pieces, it is distributed to a person or device owned by a piece. So you can be three friends. It may be three business colleagues. It may be three lawyers. If you need to approach assets, you can say that only three out of nine people need only three out of nine. And that’s very convenient. If there are three devices, you can do it yourself.
Josh Lange Dr.:
I think encryption is a multi -seat situation.
Wasim Ahmad:
Multisig is very limited. You have 3-5. This is very flexible. It uses a secret sharing of Shamir, which is quantum safety. Therefore, the future quantum calculations cannot be accessed or hacked in vault.
Josh Lange Dr.:
A very important point of shamir.
Wasim Ahmad:
huh. And as one of those beneficiaries, or one of the guardians, we call them a guardian and become a beneficiary. In fact, it is a technical beneficiary. Therefore, anyone who receives information about wallets and encryption wallets can do trust, will or everything else. So you still need a will. Still, you have to talk to a lawyer, but this is the transportation mechanism of all technical information. If you do not record, it will disappear. And if it is lost, you will lose its assets.
Josh Lange Dr.:
And this is much safer, safer and more legal in a specific way to put a private key into paper.
Wasim Ahmad:
Well, this is the invention of our time. Is it right? Digital Money, and we use paper to save it. It’s ridiculous. No, not especially paper. See what happened in Los Angeles.
right? So it doesn’t work. It is much safer than having something in a cold wallet. Then they are stolen or lost. It’s better than putting it in the clouds. Can some wallets back up everything in the cloud? Well, we thought they were hacked, but the worst thing that could actually happen in the cloud is that the dipper disappears when you change your relationship with the cloud supplier and break it and you can’t access the dealer. Oh yeah. For 18 months we couldn’t access encryption.
Josh Lange Dr.:
And we are selling and selling 23 and I potentially. And it can be a lot of users’ data.
Wasim Ahmad:
Who knows where it is going?
Josh Lange Dr.:
right? Okay, what happens if the system fails?
Wasim Ahmad:
Since our system is completely distributed, there is no information in Vault12. We do not know who you are, what your assets are. The guardian does not know what your guardian is doing and what assets are. Assets can be in all block chains. From that point of view, the cloud server has no information and is peer. The information is eventually not in the mobile phone and is distributed. Some of the encrypted forms of information are in different places and can be easily rejoined. You don’t have to worry about it. Just press the button.
Josh Lange Dr.:
i like it. Napster for personal key. huh. So, about the story of origin, you mentioned with the twin seats, but is it not related to the origin of what’s happening? of course. There is A
Wasim Ahmad:
Connection because I bought Bitcoin when I got the Winklevosses and Facebook money that created the connection gemini. Obviously everyone knows this. And they printed their personal keys on paper, divided them into different sculptures, picked many banks near the local airport, flew around the country in 48 hours, and put individual paper in other bank valley. So it was a very cold storage method, an offline method, a solution to protecting his personal password assets. Vault12 is basically a digital version that does not depend on some third -party banks open in business.
Josh Lange Dr.:
Fly from California to New York or where your assets are stored. So you have a long background for actually building and building these services for encryption and people. You’ve been in the industry since your time in Stanford. Is it right?
Wasim Ahmad:
Yes. I was in a startup called voltage, which was a spin -out in Stanford, which was a breakthrough in the public key encryption. And how easy it is to protect the personal information of these innovative people, I met co -founder Vault12. Our Max Skibinsky CEO was actually part of the A16Z. He was on the blockchain team. He was a person who guided the Coinbase Agreement to Andresen Horo Witz. Oh, real? And he tried to persuade. This was initially in 2012 and 2013, and what happens to entrepreneurs what happens when you die? And no one will take him. And he decided to leave Andreesen to establish Vault12. Wow from 2014 to the end of 2014. So we are pioneers of this space.
Josh Lange Dr.:
You are actually a pioneer in this space. Fantastic. And now these people are back, and this Andressen Horowitz and others are probably investing in you. And it is interesting. Now, in order to give you some stories, I entered Etherrium very early, got 80 ethics, NFTS, and it was all Defi Coins, and this year it would be Stablereum for $ 120. And I thought it was expensive, but it was a pretty good deal, and I thought it would be a long -term investment in my daughter, her school, and those schools. And I learned that I was hacked. And I lost all of that. And what if your father will die tomorrow? How can my children access the statistics if I don’t prepare? Can I go through the process of making a will, and can I actually access the parties to meet the requirements of the will?
So this gave me a true deep reflection. And I will join myself. Maybe you will give me a discount. Who knows? But it’s really interesting. And because my parents, in general, people who are afraid to make wheels, more things happened in that breast death and more people, but people knew they didn’t want to talk about it. They wanted to get away from it. It’s an uncomfortable topic when you face it, so let’s talk about it for a while. But when other people listen to talking about it
Wasim Ahmad:
It’s a bit easier. So 35%of men will leave, plan and make will. Is 65%of women correct? wow. It has meaning. But big gaps, big. But you must plan. Therefore, we must talk to a lawyer about all assets as well as digital assets. And the challenge of encryption is that we always buy new assets. There is a new asset category every year. It was NFTS a few years ago, then all Defi Coins, and this year it will be a stable coin. Everyone will buy a stable coin. RWA. huh. And we will move to the priority of RWA is approaching and new, new blockchains, and blockchains are there. And the challenge will disappear unless you record the encryption key for a specific blockchain wallet.
So you have to continue. It is a persistent thing. It is not just. Oh, I put it in a cold wallet and gave it to the lawyer. It is not enough. This is because you can buy something next year and you may not send it to a lawyer. So you have to plan. There must be a way to support everything. So everything is backed up for you. Then you need to specify a technically familiar person to do what you need to do. When do people be incompetent when people are infectious or passing or actually in prison? This is a way to ensure access to the family’s assets for the future.
Josh Lange Dr.:
Yes, I wondered what happened to all SBFS assets he was in jail, but I was convinced that he set up a kind of system. So if you are the same as me and do not want to set all of these things, Vault12 knows what they are doing with a decentralized encryption. Fantastic idea. Thank you for this interview. Okay, I would like to express my gratitude for coming to encryption on Monday. Good. CIAO Guys. You need to subscribe.