To put it simply, a node is a computer that connects to the Bitcoin network, maintains the full blockchain, and shares data with the network to verify transactions and make sure that everything is running smoothly. In the case of Casa, they give users the opportunity to run a node on the much faster lightning network so as to help support the system and benefit the user.

Their new app, called the Sats App, will help users to access and manage their lightening node easier and the team has stated that they also plan on rolling out a rewards program so that users can earn a little bit of Bitcoin as they continue to use the app.

The CEO of Casa, Jeremy Welch, outlined the purpose of the mobile app in an interview with CoinDesk, stating:

“Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node. It’s a lightweight app, but allows you to experience the full gamut – from earning your first sats to operating a full node from your phone. It’s private, secure and connects over Tor. Our first announced SatsBack reward will be 20,000 satoshis just to get your Casa Node all connected up on Tor and connected to Sats App. We’re trying to make it easier for people to do that, self-custody.”

Struggling to Profit from your Cryptocurrency Investments? Improve your Cryptocurrency Investment Strategies Today.

According to Welch, the startup has been thriving since it launched several products last September and has managed to secure over $3.5 million in funds from major investors such as Castle Island Ventures and Alyse Killeen. Additionally, they are reportedly operating across 60 countries with customers running thousands of nodes at the moment.

As Casa continues to move forward, their ultimate goal is to support digital assets and to encourage users to hold their own cryptocurrency rather than relying on exchanges to do the work for them.

As far as the app goes, those who already use Casa will be able to access the app this week and public access to the app should be expected to occur sometime later this month.