This sounds so cool, but probably too techy for me at this point. Hard trying to keep up with so much new tech! Great idea though, maybe I can binge some videos to better conceptualize it. ๐๐
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The key to grasping new tech is to try understanding how to apply them practically. For example, Frostr's a game-changer for teams and businesses using Nostr. With Frostr, one can create new sets of keys (multisigs) determining the permissions and functions each key can do which eliminates the need to share their secret key with the entire team. If one share is compromised, you can easily invalidate it and create a new one, keeping your secret safe.
But that's not all! Frostr also enables trustless arbitration. Imagine a Nostr Business team, handling disputes. No single person can act alone, ensuring that decisions are secure and trustworthy. Each member uses their key share to vote on a decision. Once a threshold is met, the final decision is a cryptographic command that authorizes the release of funds from escrow. Try it out, and you'll see!
Frostr