By Michael Scott
MicroStrategy revealed plans to introduce Bitcoin Lightning Network solutions and software targeting website cybersecurity and marketing. Confirming the 2023 plans, the firm’s executive chairman Michael Saylor admitted that the firm would launch Satoshi-powered incentives that reinforce its footprint in websites’ cybersecurity.
Satoshi-Powered Solutions
During the December 28 Twitter Spaces event, Saylor indicated that the firm is pursuing the development of software and solutions compatible with the Lightning Network. He clarified that the solutions target facilitating enterprise marketing. Besides, the firm is introducing software packages reinforcing cybersecurity in corporate websites often targeted by exploiters.
Saylor restated that Bitcoin Lightning Network operates as a layer-2 payment platform established on Bitcoin’s blockchain to execute off-chain transactions. He observed that the layering enables the Lightning Network to increase the payment throughput and minimize the transaction fees.
Software Engineering Recruitment
The provision of cybersecurity and enterprise marketing solutions will reinforce MicroStrategy’s reputation in business intelligence and tech solutions besides the vast Bitcoin holdings.
Recently, MicroStrategy announced scouting for software engineering experts to support its Lightning Network-versed staff. The announcement indicated that the expert would undertake to create software-as-as-service based on the Lightning Network.
Saylor’s responses in the Twitter Spaces indicated that marketing executives could apply the Lightning Network to incentivize customers. He noted that the marketing team could issue satoshi rewards for customers completing surveys and positive reviews.
MicroStrategy Cybersecurity Services
MicroStrategy’s executive chairman detailed that Lightning Wall features a cybersecurity solution layered on the Bitcoin-based paywall to safeguard corporate websites against cyber attacks. Saylor indicated that the paywall mandates visitors to deposit Satoshi to secure access. He noted that the Lightning wall requires the users to earn safe passage by depositing 100,000 satoshis instantly returned when they end the visit.
Saylor confirmed that the Lightning Wall overcomes the deficiency of credit cards witnessed through delays in refunding the funds. He stated that credit cards could not reasonably process $20 deposits to over 100 websites and refund in a second.
The executive was optimistic about a Lightning version that mirrors the Netscape browser through a wallet to enable users to hold cryptos and dollars. He suggested that creating a non-custodial wallet has the potential to reach 100 million users.
Saylor lauded Lightning Network for its reputation as the ‘internet of money’, especially in the Lightning Addresses that eliminate the 10-minute delay to execute Bitcoin transactions instantly.
Editorial credit: Billion Photos/ Shutterstock