MicroStrategy will offer Bitcoin Lightning solutions in 2023

Michael Saylor, Executive Chairman of MicroStrategy, has shared his company’s plans to release Bitcoin Lightning Network powered software and solutions by 2023.

In a recent Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that leverage the Lightning Network, such as solutions that “support” corporate marketing and a cybersecurity solution aimed at corporate websites.

The Lightning Network is a layer-2 payment protocol on top of Bitcoin’s blockchain that enables off-chain transactions, increasing payment throughput and reducing transaction costs.

The business intelligence and technology company, known for its massive Bitcoin holdings, was looking to bolster its Lightning Network-savvy team, recently announcing it was looking for a Bitcoin Lightning Software Engineer to build a Lightning Network-based build based software. -a service platform.

During the Twitter Spaces, Saylor explained that chief marketing officers could potentially use the Lightning Network to incentivize customers, such as handing out Satoshi rewards for activities such as posting great reviews or completing surveys.

The company also wants to make it possible for any enterprise to get Lightning infrastructure up and running in an “afternoon,” he said.

MicroStrategy’s chairman again mentioned his “Lightning wall” cybersecurity idea, essentially a Bitcoin-based paywall that would protect websites from cybersecurity attacks by requiring visitors to make a deposit in Satoshi.

Saylor explained that users seeking access to sensitive corporate websites would be required to deposit “100,000 Satoshi” to “guarantee safe passage,” which is immediately returned once the user has finished their visit.

It was noted that this is something that credit cards cannot offer due to the time delays associated with getting a refund, stating:

“The problem with credit cards is you can’t reasonably put $20 to 100 websites every day and then get the $20 back in a second, right?

Saylor believes it’s only a matter of time before someone creates the “Netscape browser” integrated with the Lightning Network, which he says will include “something like” a Lightning wallet holding dollars and various cryptocurrencies.

He believes that if this wallet is made in a non-custodial way, it could spread to 100 million people.

During the Twitter spaces, Saylor again praised the Lightning Network as the “Internet of Money” and praised its “inspiring” progress.

He said the company has teams working on it and aiming to release something by “next year,” adding it’s more likely to show something in the first quarter.

In October, Michael Saylor retaliated against Eric Wall for suggesting that Saylor had made no more than three lightning trades in his life.

Recently introduced the Lightning Address, a new type of BTC address, which allows users to transact on the Lightning Network almost instantly, as opposed to the 10 minute average for regular Bitcoin transactions.