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:

1. You can lock your Bitcoin in an account to earn interest on your holdings (that's the '​staking​' part)...

2. 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?