MicroStrategy to offer Bitcoin Lightning solutions in 2023

MicroStrategy enforcement president Michael Saylor has shared his firm’s plans to merchandise Bitcoin Lightning Network-powered bundle and solutions successful 2023.

In a recent Twitter Spaces connected Dec. 28, Saylor shared that the institution is exploring bundle and solutions that utilize the Lightning Network, specified arsenic solutions that “support” endeavor selling arsenic good arsenic a cybersecurity solution aimed astatine firm websites.

The Lightning Network is simply a layer-2 outgo protocol layered connected apical of Bitcoin’s blockchain that allows for off-chain transactions, raising outgo throughput and lowering transaction fees.

The concern quality and tech company, known for its monolithic Bitcoin holdings, has been looking to beef up its Lightning Network-versed team, astir precocious announcing it was looking to hire a Bitcoin Lightning Software Engineer to physique a Lightning Network-based software-as-a-service platform.

During the Twitter Spaces, Saylor explained that main selling officers could perchance usage the Lightning Network to incentivize customers — specified arsenic giving retired Satoshi rewards for engaging successful activities specified arsenic posting bully reviews oregon completing surveys.

The institution besides wants to marque it imaginable for immoderate endeavor to “spin up” Lightning infrastructure successful an “afternoon,” helium said.

The MicroStrategy president again made notation of his “Lightning wall” cybersecurity idea, fundamentally a Bitcoin-based paywall that would support websites from cybersecurity attacks by requiring visitors to enactment down a deposit successful Satoshi.

Saylor explained that users who privation to entree delicate firm websites would beryllium required to deposit “100,000 Satoshi” to “guarantee” harmless passage, which is returned instantly erstwhile the idiosyncratic has finished their visit.

It was noted this is thing that recognition cards cannot connection owed to the clip delays progressive successful getting funds back, stating: 

“The occupation with recognition cards is that you couldn’t reasonably station $20 to 100 websites each time and past you get the $20 backmost successful 1 second, could you?

Saylor believes it is lone a substance of clip earlier idiosyncratic creates the Lightning mentation of the “Netscape browser," which helium believes volition impact “something like” a Lightning wallet that holds dollars and assorted cryptocurrencies.

He believes that if this wallet is created successful a non-custodial way, it has the imaginable to dispersed to 100 cardinal people.

During the Twitter spaces, Saylor again hailed the Lightning Network arsenic the “internet of money” and praised its “inspirational” progress.

He said the institution has teams moving connected it and are looking to bring thing retired by “next year,” adding that it’s much apt it volition beryllium capable to amusement thing successful the archetypal quarter.

Related: Bitcoin Lightning Network to beryllium utilized successful fiat transfers betwixt Europe and Africa

In October, Michael Saylor retaliated against Eric Wall implicit his proposition that Saylor has not made much than three lightning transactions successful his life.

Most recently, the Lightning Address, a caller benignant of BTC code was introduced, allowing users to marque transactions connected the Lightning Network astir instantly, arsenic opposed to the 10-minute mean for regular Bitcoin transactions.