Liana Wallet allows the implementation of automatic keys for inheritance cases.
This wallet is open source and is compatible with hardware devices, such as Ledger and BitBox.
On November 18, 2024, Liana Wallet, a wallet native Bitcoin (BTC) self-custody company, announced that its new update (Liana v8) is now operational. This improvement was aimed at simplifying the installation and account creation process for users, making it easier for users to open up cryptoasset inheritance functionalities.
Kevin Loaec, Bitcoin developer and CEO of Wizard Ardine, the company behind Liana Wallet, explained days before the launch of this new update that would fix the main problem who had this wallet until then.
As detailed by Loaec in a thread in Xthis procedure contained such complexity when creating accounts that it could alienate novice users. So much so that, among his messages, he made it clear that Liana Wallet “is not just for developers.”
“The ugly installation screen, with so many buttons that it overwhelmed people if they didn’t see a tutorial first. That no longer exists.”
Kevin Loaec, CEO of Wizard Ardine.
Now users will be able to choose which of the three types of wallets offered by Liana to use through “a simple user experience,” according to Loaec. These three options are: Simple inheritance, Expanding multisig either Build your own (Create it yourself).
One of the most relevant features of Liana Wallet is that it is a wallet self-custody. This means that users have full control over their funds, without depending on third parties for the management or security of their BTC.
Liana Wallet contains an automated inheritance mechanism
The option of Simple Inheritance (or direct inheritance) is designed for planning estates or beneficiaries of funds.
This wallet allows users to set primary keys for regular spending and recovery keys that activate after a predefined idle period manually when creating the account.
Primary keys are the ones most frequently used to authorize everyday transactionssuch as making payments, sending funds, or interacting with services that accept Bitcoin.
Instead, recovery keys are a backup that is activated in exceptional casessuch as loss, compromise of primary keys or after the inactivity time selected by the user who created the account has passed (for example in the event of death). They are designed to ensure long-term access to funds.
On the other hand, Liana Wallet’s “Expanding Multisig” function enables a largest number of authorized keys to sign transactions without modifying the required signature threshold. This option, as CriptoNoticias reported, is mostly used by institutions, but can be used by any group of people and even by an individual; this multisig It also allows the option of establishing a beneficiary.
In the context of the wallet of Bitcoin Liana Wallet, the signature threshold refers to the minimum number of signatures required to authorize a transaction in a security setting multisig (multi-signature).
This means that, although the number of signatures necessary to approve a transaction is maintained, additional keys are incorporated that can participate in the signing process.
More features of Liana Wallet
Liana Wallet, from open sourceaims to provide long-term security, recovery and inheritance implementation. It has versions compatible with Linux, Windows and macOS.
Additionally, Liana Wallet being native to Bitcoin means that it is designed exclusively for interact with the Bitcoin network directly, using its fundamental features and protocols without depending on external chains or intermediaries
Ultimately, Liana Wallet is compatible with devices from hardware as BitBoxthe first hardware wallet to implement silent payments; Ledger, ColdCard, Specter DIY and Blockstream Jade.
