🧾What happens to your crypto if you're not around to access it?
That’s the question Changpeng Zhao (CZ) — founder and former CEO of Binance — is boldly asking the entire Web3 industry.
In a recent post on X (formerly Twitter), CZ proposed that every platform in crypto should implement a "will function" — a digital inheritance mechanism that would allow users to pre-designate who gets their crypto assets and in what proportions.
> "Every platform should have a ‘will function’—so that when someone is no longer around, their assets can be distributed to designated accounts according to specified proportions." — @cz_binance
💡 Why This Matters for the Crypto Community
Crypto is decentralized, yes — but that also means no safety net if access keys are lost.
Billions in Bitcoin alone have been lost forever due to forgotten passwords or inaccessible wallets.
A "crypto will" changes that. With this feature, users could:
Assign trusted beneficiaries
Set allocation rules in advance
Prevent digital wealth from being lost due to tragedy or error
This isn't just a technical feature. It’s financial foresight in a Web3-native form.
👨👩👧 CZ Also Backs Accounts for Minors
CZ didn’t stop at digital wills. He also encouraged platforms and regulators to allow minors to hold crypto accounts — with appropriate safeguards.
> "They can be restricted from trading, but should be allowed to receive funds." — CZ
That means crypto-native families could start building wealth for their kids — without waiting until they're 18.
🔍 What Could a “Will Function” Look Like?
If adopted across Web3 platforms, a crypto inheritance feature might include:
✅ Multi-signature setup with designated inheritors
🧾 Smart contract-based automated asset distribution
🔐 Emergency backup protocols for inactive accounts
📜 Legally bound digital wills tied to on-chain identity
Think of it as combining the best of DeFi automation with real-world estate planning.
🚀 Industry Implications
Implementing will functions could:
✅ Increase user trust
✅ Boost long-term adoption of crypto
✅ Encourage institutions and families to hold digital assets
✅ Create new services around decentralized estate planning
As crypto matures, asset continuity will be just as important as innovation.
🧠 Final Thoughts
Web3 isn’t just about living on-chain — it’s about planning for every chapter of the journey.
CZ’s push for a “will function” isn’t just about convenience. It’s about responsibility, accessibility, and future-proofing digital wealth.
> In a world where private keys equal power, who holds the keys when you're gone?
Let us know your take 👇
Would you set up a crypto will? Do you think platforms should prioritize this?
🔖 FAQs
❓ What is the "will function" CZ is proposing?
It's a feature that lets users designate beneficiaries and define how their crypto assets should be distributed if they become inactive or pass away.
❓ Is this available now on Binance?
Binance is reportedly exploring this feature, but it's not yet universally implemented across all platforms.
❓ Can minors legally hold crypto?
Regulations vary by region. CZ suggests allowing minors to have accounts that can receive assets — but restrict active trading.
❓ Is this safe?
If done via smart contracts and multi-sig setups, this could be one of the most secure and user-friendly estate planning tools in crypto.
@cz_binance @VitalikButerin @balajis @ErikVoorhees @MessariCrypto
#CZ #Binance