MicroStrategy to supply Bitcoin Lightning options in 2023 – Cointelegraph - 24Hrs News Edition

Thursday, December 29, 2022

MicroStrategy to supply Bitcoin Lightning options in 2023 – Cointelegraph

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MicroStrategy govt chairman Michael Saylor has shared his agency’s plans to launch Bitcoin Lightning Community-powered software program and options in 2023.

In a Twitter Areas occasion on Dec. 28, Saylor shared that the corporate is exploring software program and options that make the most of the Lightning Community, similar to options that “assist” enterprise advertising in addition to a cybersecurity answer aimed toward company web sites.

The Lightning Community is a layer-2 fee protocol layered on prime of Bitcoin’s blockchain that enables for off-chain transactions, elevating fee throughput and decreasing transaction charges.

A enterprise intelligence and tech firm recognized for its huge Bitcoin holdings, MicroStrategy has been seeking to beef up its Lightning Community-versed crew, most just lately asserting it was seeking to rent a software program engineer to construct a Lightning Community-based software-as-a-service platform.

Through the Twitter Areas dialog, Saylor defined that chief advertising officers might probably use the Lightning Community to incentivize prospects — similar to giving out satoshi rewards for participating in actions similar to posting good opinions or finishing surveys.

The corporate additionally needs to make it doable 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 concept, primarily a Bitcoin-based paywall that might shield web sites from cybersecurity assaults by requiring guests to place down a deposit in Satoshi.

Saylor defined that customers who wish to entry delicate company web sites could be required to deposit “100,000 satoshi” to “assure” secure passage, which might be returned immediately as soon as the consumer has completed their go to.

He famous that is one thing that bank cards couldn’t provide because of the time delays concerned in getting funds again, stating: 

“The issue with bank cards is that you simply couldn’t fairly submit $20 to 100 web sites every day and then you definitely get the $20 again in a single second, might you?

Saylor believes it’s only a matter of time earlier than somebody creates the Lightning model of the “Netscape browser,” which he believes will contain “one thing like” a Lightning pockets that holds {dollars} and varied cryptocurrencies.

He believes that if this pockets is created in a non-custodial manner, it has the potential to unfold to 100 million folks.

Through the Twitter Areas dialog, Saylor once more hailed the Lightning Community because the “web of cash” and praised its “inspirational” progress.

He mentioned the corporate has groups engaged on it and wish to deliver one thing out by “subsequent yr,” including that it’s extra doubtless it will likely be capable of present one thing within the first quarter.

Associated: Bitcoin Lightning Community for use 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, a new kind of BTC tackle was launched. Lightning Addresses allowusers to make transactions on the Lightning Community nearly immediately, versus the 10-minute common for normal Bitcoin transactions.



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