About the Protocol
++ Today, in this Samhain week — time of the year when the two 'worlds' (material and spiritual) close together + and better communicate — we have the launch of this new Protocol to honour Bitcoin and all positivity it will + bring to humanity. +
++ This project was originated to solve an existing problem: to leave bitcoin inheritance to one's own children, + but in a decentralised manner, without the intervention of an external third party + (spouse, public notary, etc.) — thus in perfect accordance with the Fundamental principle of + decentralisation. +
++ We have created this protocol (seeking inspiration from John Nash game theory 'dominant dynamics' + on which bitcoin incentives are based) so that it can have own life, without the need of a central + Big Brother to make it work. +
++ It is an open-source code plug-in and a Will-Executor, taking in charge the inheritance transactions' push, + will stay active for at least the next 10 years to await the consolidation of the protocol + with more and more Will-Executors joining in. +
+Key Features
+ +Decentralized Inheritance
++ Plan Bitcoin inheritance without involving any third party (notary, spouse, custodian). + Fully peer-to-peer, in perfect accordance with Bitcoin's core principle of decentralisation. + No legal overhead, no intermediaries — ever. +
+ +Time-Locked Transactions
++ Transactions are created with Locktime set to a future date. + Will-Executors retain and broadcast them automatically at the specified delivery date. + Your keys never leave your device — Electrum handles all signing. +
+ +Wallet Backup
++ Pre-sign a recovery transaction to a secondary address. If you lose your seed, + funds are automatically sent to your backup wallet. +
+ +Economic Incentives
++ Each inheritance transaction includes a fee for the Will-Executor, + paid on confirmation. Incentives grow with Bitcoin's value over time. +
+ +Open Source & Community
++ Anyone can run a Will-Executor server and earn commissions. + The community is encouraged to find new use cases. +
+ + View Source Code → +How It Works
++ Six steps — from first setup to automatic execution of your Bitcoin will. +
+ ++ Note on signing: The plugin never signs on your behalf. + If your wallet uses a password or a hardware wallet, you will be prompted to confirm. + The plugin asks — you decide. Your will stays accurate, always under your control. +
+Will-Executors
++ The economic incentive necessary to make all this possible is a fee included in each inheritance transaction. + It is paid when the Will-Executor transmits the inheritance transaction to the nodes, + and is therefore inserted in the block. +
++ We expect the BAL PROTOCOL to be successful thanks to the incentives included in the inheritance + transactions. These incentives are substantial and increase with the Bitcoin value in time, + and above all are appealing for more and more servers to join in the inheritance transactions with a + prospective for middle / long period gains. +
++ Anybody will have the possibility to create a server Will-Executor to contribute to the protocol + and earn commissions, since the code is available as open-source. +
+Electrum Plugin
+Bitcoin After Life Plugin
++ The B.A.L. plug-in has been created for Electrum wallet, considered the gold standard + among Bitcoin wallets. We hope one day Electrum developers will integrate it directly by default. +
+ + View Plugin Repository → +BAL Server
++ The server component acts as a Will-Executor: it retains signed transactions and broadcasts them + at the specified expiry date, ensuring the inheritance process runs without human intervention. +
+ + View Server Repository → +Documentation & Examples
++ On bitcoin-after.life you will find instructions to install the plug-in in Electrum and several + practical examples on how to manage heredity with the Plug-in. +
+ + View Website → +Plugin Operations
+How it works
++ The plugin generates a transaction with Locktime set to a future date. The transaction + is signed and sent to one or several Will-Executors, who will take care in retaining the transaction + and send it at the expiry date. +
++ In order to provide economic incentives for the Will-Executor to keep and broadcast the transaction, + an output will contain a fee payment, which will be received only when the heredity + transaction is confirmed in the block chain. +
++ We know technology is useful when it is easily available to people in order to improve their lives; + therefore BAL's main objective will be to improve and to simplify this interface over time. +
++ All the work carried out to implement this project and BAL protocol (Bitcoin After Life) has been + procured only with payments in Bitcoin — with no use of FIAT currencies. +
+Frequently Asked Questions
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- Miner fee: chosen by the user at the time of signing. A higher fee is recommended to ensure future confirmation. +
- Will-Executor fee: deducted directly from the inheritance at the moment of execution, when the Will-Executor broadcasts the transaction to the network. +
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- Delivery time: the future date on which the Will-Executor will broadcast the transaction. +
- Check Alive period: how often Electrum should ask you if you want to postpone the delivery date (see Q10). +
+ The Check Alive is a parameter that defines the period of inactivity + after which the BAL plugin — installed inside Electrum — will ask you whether you want + to postpone your inheritance delivery date. +
++ Example: suppose you set an inheritance date 2 years from today, + with a Check Alive period of 6 months. If you open Electrum after 7 months + (i.e. more than 6 months since the last postponement), the plugin will prompt you: + your original delivery date is now only 1 year and 5 months away, and since you + are still alive and active, you will likely want to push it back to 2 years from + today again — so the plugin asks whether to postpone by another 6 months. +
++ This mechanism ensures your will is never executed as long as you keep using + Electrum within the Check Alive window. If you stop opening Electrum before + the delivery date is reached, the Will-Executors will broadcast the inheritance + automatically. +
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