MicroStrategy govt chairman Michael Saylor has shared his agency’s plans to launch Bitcoin Lightning Network-powered software program and solutions in 2023.
In a latest Twitter Spaces on Dec. 28, Saylor shared that the corporate is exploring software program and solutions that make the most of the Lightning Network, reminiscent of solutions that “support” enterprise advertising and marketing in addition to a cybersecurity answer geared toward company web sites.
The Lightning Network is a layer-2 cost protocol layered on high of Bitcoin’s blockchain that permits for off-chain transactions, elevating cost throughput and decreasing transaction charges.
The enterprise intelligence and tech firm, identified for its huge Bitcoin holdings, has been wanting to beef up its Lightning Network-versed workforce, most just lately asserting it was wanting to rent a Bitcoin Lightning Software Engineer to construct a Lightning Network-based software-as-a-service platform.
During the Twitter Spaces, Saylor defined that chief advertising and marketing officers might probably use the Lightning Network to incentivize clients — reminiscent of giving out Satoshi rewards for participating in actions reminiscent of posting good evaluations or finishing surveys.
The firm additionally needs to make it attainable for any enterprise to “spin up” Lightning infrastructure in an “afternoon,” he mentioned.
The MicroStrategy chairman once more made point out of his “Lightning wall” cybersecurity thought, basically a Bitcoin-based paywall that might shield web sites from cybersecurity assaults by requiring guests to put down a deposit in Satoshi.
Saylor defined that customers who need to entry delicate company web sites could be required to deposit “100,000 Satoshi” to “guarantee” secure passage, which is returned immediately as soon as the person has completed their go to.
It was famous that is one thing that bank cards can not offer due to the time delays concerned in getting funds again, stating:
“The problem with credit cards is that you couldn’t reasonably post $20 to 100 websites each day and then you get the $20 back in one second, could you?
Saylor believes it is only a matter of time before someone creates the Lightning version of the “Netscape browser,” which he believes will involve “something like” a Lightning pockets that holds {dollars} and numerous cryptocurrencies.
He believes that if this pockets is created in a non-custodial manner, it has the potential to unfold to 100 million individuals.
During the Twitter areas, Saylor once more hailed the Lightning Network because the “internet of money” and praised its “inspirational” progress.
He mentioned the corporate has groups engaged on it and are wanting to deliver one thing out by “next year,” including that it’s extra seemingly will probably be in a position to present one thing in the primary quarter.
Related: Bitcoin Lightning Network to be used in fiat transfers between Europe and Africa
In October, Michael Saylor retaliated in opposition to Eric Wall over his suggestion that Saylor has not made greater than three lightning transactions in his life.
Most just lately, the Lightning Address, a brand new sort of BTC tackle was launched, permitting customers to make transactions on the Lightning Network virtually immediately, as opposed to the 10-minute common for normal Bitcoin transactions.
