In 2023, MicroStrategy executive chairman Michael Saylor will unveil groundbreaking software and solutions that are driven by the Bitcoin Lightning Network. This cutting-edge technology is poised to revolutionize our understanding of digital currency transactions.
On December 28th, Saylor participated in a Twitter Spaces event and discussed the potential of utilizing software from the Lightning Network. This technology will be used to create solutions geared toward enterprise marketing and website security for corporations.
MicroStrategy, a business intelligence and tech company renowned for its significant Bitcoin holdings, recently declared that it would be searching for a software engineer to construct a SaaS platform based on the Lightning Network, a layer2 payment protocol stacked a top Bitcoin’s blockchain. This technology allows off-chain transactions which enhance both throughput payments and lower transaction fees.
At the Twitter Spaces discussion, Saylor elaborated on how CMOs may take advantage of the Lightning Network to motivate customers such as offering satoshi prizes for activities like writing positive reviews or filling out surveys. In addition, he indicated that enterprises should be capable of setting up their own Lightning infrastructure in “just an afternoon” with relative ease.
Michael J. Saylor, the Chairman at MicroStrategy, recently proposed his innovative “Lightning wall” concept as a way to bolster cybersecurity on websites by utilizing Bitcoin’s Satoshi payment system. Essentially, visitors who desire access to sensitive company sites would need to deposit 100 thousand satoshis as an assurance of safe passage while they navigate through the website; this amount is then refunded in full upon completion of their visit.
According to Saylor, the time is nigh for somebody to craft a Lightning variation of the renowned Netscape browser. He forecasts that this wallet should be closely akin to one holding both dollars and several cryptocurrencies while being free from custodial services; at such rate, if made accessible it could achieve an upsurge in usage amongst 100 million people worldwide.
During the Twitter Spaces chat, Saylor marveled at how Lightning Network is “the internet of money,” lauding its amazing progress. He revealed that his team has been working on it with a goal to reveal something by next year, and he’s confident they will be able to show off their work in the first quarter!