Bitcoin Wants To Steal One of Ethereum’s Biggest Features
TL;DR
Stroom Network has just raised $3.5M to bring liquid staking to Bitcoin's Lightning Network. (If Bitcoin's Main Network were a bank account [slow n' secure] the Lightning Network would be Apple Pay [fast n' easy]).
This kind of functionality doesn't really exist within the Bitcoin ecosystem. Giving holders an easy 'set-n-forget' way to earn interest on their BTC would be a HUGE new feature.
$3.5M in funding is pretty dismal - but honestly, any funding in the midst of a bear market is welcomed news.
Full Story
Alright, speed round!
Here's the news:
Stroom Network has just raised $3.5M to bring liquid staking to Bitcoin's Lightning Network. (If Bitcoin's Main Network were a bank account [slow n' secure] the Lightning Network would be Apple Pay [fast n' easy]).
Here's what 'liquid staking' means:
You can lock your Bitcoin in an account to earn interest on your holdings (that's the 'staking' part)...
And you can take it out whenever you want (that's the 'liquid' part).
Here's what's exciting about it:
This kind of functionality doesn't really exist within the Bitcoin ecosystem. Giving holders an easy 'set-n-forget' way to earn interest on their BTC would be a HUGE new feature.
Sure, $3.5M in funding is pretty dismal - but honestly, any funding in the midst of a bear market is welcomed news.
Aaaand time. How'd we do?