MicroStrategy CEO, Michael Saylor, has shared his company’s plans to launch software and solutions based on the Bitcoin Lightning Network in 2023..
In a event on Twitter Spaces on December 28, Saylor shared that the company is exploring software and solutions that use the Lightning Network, such as solutions that “support” enterprise marketing, as well as a cybersecurity solution aimed at corporate websites.
The Lightning Network is a Layer 2 payment protocol that overlays the Bitcoin blockchain and allows for off-chain transactions.which increases payment performance and reduces transaction fees.
MicroStrategya technology and business intelligence company known for its huge bitcoin holdings, has been looking to bolster its Lightning Network-savvy team, and recently announced that it was looking to hire a software engineer to build a Lightning Network-based Software-as-a-Service platform.
During the conversation on Twitter Spaces, Saylor explained that marketing managers could use the Lightning Network to incentivize customers, for example, by offering satoshi rewards for participating in activities like posting good reviews or completing surveys..
The company also wants to make it possible for any company to “get up and running” Lightning infrastructure in an “afternoon,” he said..
MicroStrategy President Mentioned His “Lightning Wall” Cybersecurity Idea Againa bitcoin-based paywall that would protect websites from cybersecurity attacks by requiring visitors to make a Satoshi deposit.
Saylor explained that users wanting to access sensitive corporate websites would have to deposit “100,000 satoshi” to “guarantee” safe passage, which would be returned instantly once the user had finished their visit.
noted that this is something that credit cards cannot offer due to delays in returning funds:
“The problem with credit cards is that it’s unreasonable to send $20 a day to 100 websites and get it back in a second, right?
Saylor thinks it’s only a matter of time before someone creates the Lightning version of the “Netscape browser”which he says will involve “something like” a Lightning wallet containing dollars and various cryptocurrencies.
believes that if this wallet is created in a non-custodial way, it has the potential to spread to 100 million people.
During the conversation on Twitter Spaces, Saylor again called the Lightning Network the “internet of money” and praised its “inspiring” progress.
He affirmed that the company has teams working on it and that they intend to get something out for “next year”.adding that it is more likely that he will be able to show something in the first quarter.
In October, Michael Saylor retaliated against Eric Wall for his suggestion that Saylor has not made more than three transactions on the Lightning Network in his life.
More recently, a new BTC address type was introduced. Lightning addresses allow users to transact on the Lightning Network almost instantlyas opposed to the 10 minutes on average that normal bitcoin transactions take.
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