Ripple-Backed Inheriti to Launch on XRP Ledger

• Inheriti, an innovative digital inheritance platform is set to launch on the XRP Ledger.
• The functionalities of Inheriti will be enhanced with planned EVM integration.

Exciting developments are underway in the crypto ecosystem, particularly on the XRP Ledger (XRPL), as Inheriti, the world’s first decentralized data backup and inheritance solution, announces its integration into the XRPL. Blockchain researcher Collin Brown shared the news on X, emphasizing the significance of this move for both the XRP Ledger and Ripple Labs Inc.

🚀 Exciting news for #XRP Ledger and #Ripple! 🌐 Inheriti, the world’s first decentralized data backup and inheritance solution, is making its way to #XRPL, thanks to a strategic partnership with Safe Haven. 📦

This collaboration promises enhanced security and access management… pic.twitter.com/33lccEWf9s

— Collin Brown (@CollinBrownXRP) December 7, 2023

Anodos Partnership with Safe Haven

In a strategic move, Anodos, the driving force behind Inheriti, has partnered with Safe Haven to integrate the SHA token and Inheriti into the XRP Ledger. Panos Mekras, co-founder and CFO of Anodos shared the partnership announcement in a post, highlighting the collaboration’s potential for enhanced security and access management for digital assets, including Non-Fungible Tokens (NFTs).

The partnership involves the issuance of the SHA IOU on the XRPL, enabling crypto enthusiasts to trade SHA tokens on the XRPL’s Decentralized Exchange (DEX) and the upcoming Automated Market Maker (AMM). Anodos is also developing AnodoSwap, a one-stop trading and portfolio management platform on the XRPL.

According to reports, AnodoSwap will feature SHA on its platform upon launch, and an SHA/XRP liquidity pool will be created to bolster the token’s liquidity. The partnership will unfold in two phases, with the first phase commencing in January 2024, involving the issuance of 10 million SHA tokens on the XRPL network. The second phase will follow the launch of the EVM sidechain on XRPL, integrating Inheriti into Safe Haven’s SafeSwap.

The XRPL’s progress toward welcoming the EVM sidechain received a significant boost with a successful audit by cybersecurity firm Bishop Fox. Once the EVM sidechain is live on XRPL, Inheriti plans can be conveniently created by paying with SHA tokens through the Xumm wallet.

In a fascinating development, a recent report from Crypto News Flash shared insights into the distribution of XRP transactions. Unlike the consistent frequency of remittances during weekdays and holidays, the analysis revealed a significant pattern in transaction values. 

The highest value remittances in XRP were found to be prominently concentrated on weekdays. Graphs from the XRP block explorer, XRPScan, visually represent these findings, providing a detailed perspective on daily XRP-based transaction statistics. These insights are vital to showcase the deep liquidity pool Inheriti will gain access to in the long term.

Inheriti: A Digital Inheritance Solution

Inheriti, originally launched on the VeChain mainnet in September 2020, it is a digital inheritance solution designed to provide advanced security in transferring access to digital assets, social media accounts, NFTs, and digital data. The solution employs a robust 3-layer topology to encrypt and store users’ data securely, including blockchain and cold storage.

Accessible to users of all technical backgrounds, Inheriti simplifies the process by splitting data into unreadable, secret, and encrypted shares. These encrypted pieces are then distributed across various cold storage devices. The safe key holder can reconstruct the shares into Inheriti to decrypt the data. 

Users can create a lifetime Inheriti plan for the price of 10,000 SHA, equivalent to $5.128 at the time of writing.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.