SatsBack can reportedly be exchanged for Bitcoin once a day on Casa’s Keymaster app, provided that a user has accumulated a minimum of 50,000 SatsBack points. Per the report, Casa believes that it is difficult for users to stay up to date on their nodes’ uptime and security.
By providing an incentives program to increase node health, the company reportedly hopes to improve the overall health of the Bitcoin network.
Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor and accompanying rewards program to promote Bitcoin network health.
Casa announced the new projects in an official blog post on Aug. 21. Per the announcement, the node monitor – called Node Heartbeats – relies on establishing a brief connection between Casa’s server and an online, synced and Tor-activated node owned by a customer. The rewards program lets Casa node users earn 10,000 SatsBack per week in exchange for performing 5 Node Heartbeat checks per week, on different days.
Charlie Lee is a Casa investor
Litecoin (LTC) founder Charlie Lee announced just three days ago that he has invested in Casa. Lee praised Casa for driving BTC adoption, commenting:
“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!”
Lightning Labs launches a node monitor
As previously reported by Cointelegraph, Lightning Labs, the developer of the high-speed transaction protocol Lightning Network, recently launched an alpha version of a node monitor. The new tool, called Indmon, purportedly allows node operators to monitor node usage in real time. Network issues this year reportedly motivated the developers to create a tool for preemptively spotting node and network issues.