1 year ago
Michael Saylor, enforcement president of MicroStrategy, said connected Dec. 28 that his institution volition present a Lightning Network-based merchandise successful 2023.
In a Twitter spaces conversation, Saylor said that MicroStrategy’s acquisition gathering mass-deployable plugins motivated the institution to make a akin instrumentality for the Lightning Network — a web that tin process Bitcoin transactions cheaply and efficiently.
He said described the company’s reasoning arsenic follows:
“What if we really created an endeavor deployable Lightning wallet connected 1 side, and past connected the different broadside … what if we created an endeavor server that you could usage to monetize immoderate website?”
Saylor said, for example, that a concern could usage a Lightning plugin to reward caller users with tiny amounts of Bitcoin (satoshis) erstwhile they use for a recognition paper online. He added that a institution could adjacent connection rewards to millions of existing users.
He additionally suggested that a Lightning wallet could beryllium utilized to make paywalls oregon firm information walls, requiring micropayments to entree backstage content.
Saylor stressed that MicroStrategy wants the solution to enactment connected a ample scale, stating:
“We privation to marque it imaginable for immoderate endeavor to rotation up a Lighting wallet and a Lightning wallet architecture successful the substance of an day and deploy it to [thousands oregon millions of people].”
Saylor confirmed that MicroStrategy has teams actively moving connected its Lightning product. He said that the institution hopes to motorboat the merchandise successful 2023 and hopes to amusement the merchandise astatine immoderate constituent successful the archetypal 4th of the year.
He besides said that MicroStrategy plans to grow its Bitcoin for Corporations league docket to see the Lightning Network. MicroStrategy volition supply grooming and different resources to assistance different companies deploy Lightning.
During the conversation, Saylor distinguished Bitcoin from the Lightning Network. He said that helium sees Bitcoin arsenic a “base layer” and an ideological and economical investment, portion helium sees Lightning arsenic the “internet of money” and a technological investment.
Saylor previously endorsed the Lightning Network successful September and hinted astatine that clip that his institution was moving with the tool. The steadfast besides sought to hire an engineer to physique connected the Lightning Network that aforesaid month.
Saylor besides revealed contiguous that MicroStrategy had purchased 2,500 BTC ($41.5 million), bringing the full worth of its holdings to 132,500 BTC ($2.2 billion). The steadfast holds much Bitcoin than immoderate different publically traded institution astatine present.
The station MicroStrategy volition motorboat Bitcoin Lightning endeavor plugin successful 2023 appeared archetypal connected CryptoSlate.
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