MicroStrategy to release solution powered by Bitcoin Lightning Network in 2023

Michael Saylor, Executive Chairman of MicroStrategy in a Twitter Space on Dec. 28, revealed The enterprise intelligence firm intends to introduce software and solutions powered by the Bitcoin Lightning Network in 2023.

The ex-CEO confirmed that they are currently investigating ideal technology solutions using the Lightning Network to “assist” with enterprise branding and cyber security solutions, specifically for corporate websites.

Microstrategy’s Lightning Network Drive

Lightning Network is an off-chain payment solution for Bitcoin and Litecoin developed by Blockstream. It is designed to scale bitcoin and litecoin transaction processing speeds, reducing on-chain congestion and slashing fees. Saylor is convinced that the Lightning Network is the “Internet of Money”.

His comments follow MicroStrategy’s announcement that they were looking to strengthen their technical team by on-boarding a software engineer with knowledge of the Bitcoin Lightning Network. On hire, the engineer will help MicroStrategy develop a Lightning Network-based software-as-a-service platform.

Saylor also mentioned how chief marketing officers can leverage their software solutions and benefit from the efficiencies of the Lightning Network. He added that companies can expand their customer base by rewarding users with Satoshis when they complete tasks such as posting reviews or surveys.

The ex-CEO also introduced his “Lightning Wall” cybersecurity concept. Saylor is proposing a barrier using the bitcoin network that could protect websites from cyber attacks by asking users to deposit satoshis. The shield, he said, would “ensure” the safe passage of customers and protect the platforms. Users will be required to deposit “100,000 satoshis” to access the site. This is reimbursed quickly after their session expires via the Lightning Network, with no lag.

According to trackerMicroStrategy is one of the largest bitcoin holders in the world. As of the end of December 2022, MicroStrategy held 130k BTC worth over $2.15 billion. Their storage is more than 3 times the amount held by Galaxy Digital, which recently announced pouring $65 million into the struggling Argo blockchain.

Lightning Netscape Browser

Saylor also commented on the development of the Lightning Netscape browser, saying that it was “a matter of time” before the rollout. The browser, he elaborated, would include “something like Lightning Wallet,” which stores fiat money and many cryptocurrencies, but in a non-custodial way with the potential to reach over 100 million users.

Recent CashApp Free Lightning addresses for users to conduct transactions on the Lightning Network.

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