Bitcoiners introduce Frostsnap, a novel multisig 'centipede' wallet
Some creative Bitcoin ers have introduce d a novel method for customizing multi-signature wallet s that can adapt to a variety of real-world use cases. The newly- introduce d Frostsnap method upgrades the capability of any multisig with a suite of new Features . For context, traditional Bitcoin Script multisig wallets have always been the most secure way to safeguard funds on the Bitcoin network. As the name suggests, rather than a single signer able to transfer funds, a multisig requires multiple signers to authorize any transaction. Traditional multisigs can’t add signers without creating a new wallet. Changing a 2-of-3 to a 3-of-5 multisig, for example, requires creating a new multisig and transferring funds. Frostsnap , however, introduce s a method to: change hardware wallets (Ledgers, Trezors, ColdCards, etc.) belonging to a multisig without additional on-chain transactions, add new signers to a key after the initial private key generation event, permitting ph...