A team of Bitcoin developers and enthusiasts have introduced what’s been dubbed the “Frostsnap” method, one that is set to provide multisig wallets with a range of new capabilities, transforming them from a static tool to a flexible, adaptive system.

With this new development, Bitcoin multisig wallets, known for their secure nature, are getting a significant upgrade. Multisignature or multisig wallets have always been a go-to for safeguarding funds on the Bitcoin network. Their modus operandi requires multiple signers to authorize any transaction, which adds a layer of security. But one of the limitations with traditional multisigs is that they can’t add signers without creating a new wallet, an action that calls for transferring funds.

The Solution

The newly-introduced Frostsnap method proposes a solution to this inconvenience. It allows for the replacement of hardware wallets such as Ledgers, Trezors, ColdCards, or other similar permutations, without the need for additional on-chain transactions. It’s also capable of adding new signers to a key after the initial private key generation event and rendering stolen hardware wallets incompatible with every other device of the multisig. Adam Mashrique, the project’s hardware lead, affirmed the team’s ambition to create an open standard that vendors could implement, thereby enabling different devices to be part of a FROST multi

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Author: Vince Dioquino

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