Cryptocurrency firm Casa has launched a node monitor and a corresponding rewards program to help boost Bitcoin network health. The company has made a mark for providing Bitcoin node machines and a private key management service.
Casa unveiled its new projects through its official blog. In its most recent post, the company introduced its node monitor – Node Heartbeats. The device depends on creating a short link between the crypto company’s server and an online, matching, and Tor-powered node by a client.
Meanwhile, the rewards plan allows the company’s node users to earn around 10,000 SatsBack weekly if they perform 5 Node Heartbeat checks on different days of the week.
SatsBack can allegedly be swapped for Bitcoin(BTC) once per day using the firm’s Keymaster app. However, the user should have accumulated at least 50,000 SatsBack points.
According to the blog post, Casa thinks it’s challenging for users to remain updated on their nodes’ security and uptimes. By introducing an incentives scheme to boost node health, Casa allegedly hopes to enhance the Bitcoin network’s overall health.
Charlie Lee on the Topic
Aside from the revelation of its new offerings, Casa was also in the news because of its latest investor. Charlie Lee, the founder of Litecoin (LTC), announced several days ago that he is backing the company. Lee praised the crypto company for promoting BTC adoption. He said that he feels for Casa the same emotions he experienced when he joined Coinbase back in 2013.
Lee also praised Casa for making it easy to use Bitcoin and said that it was vital for this niche. He ended by saying that he was looking forward to great things from the company.