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MicroStrategy executive chairman Michael Saylor has shared his firm\u2019s plans to release Bitcoin Lightning Network-powered software and solutions in 2023.<\/p>\n
In a recent<\/a> Twitter Spaces on Dec. 28, Saylor shared that the company is exploring software and solutions that utilize the Lightning Network, such as solutions that \u201csupport\u201d enterprise marketing as well as a cybersecurity solution aimed at corporate websites.<\/p>\n The Lightning Network is a layer-2 payment protocol layered on top of Bitcoin\u2019s blockchain that allows for off-chain transactions, raising payment throughput and lowering transaction fees.<\/p>\n The business intelligence and tech company, known for its massive Bitcoin holdings, has been looking to beef up its Lightning Network-versed team, most recently announcing it was looking to hire<\/a> a Bitcoin Lightning Software Engineer to build a Lightning Network-based software-as-a-service platform.<\/p>\n During the Twitter Spaces, Saylor explained that chief marketing officers could potentially use the Lightning Network to incentivize customers \u2014 such as giving out Satoshi rewards for engaging in activities such as posting good reviews or completing surveys.<\/p>\n The company also wants to make it possible for any enterprise to \u201cspin up\u201d Lightning infrastructure in an \u201cafternoon,\u201d he said. <\/p>\n The MicroStrategy chairman again made mention of his \u201cLightning wall\u201d cybersecurity idea, essentially a Bitcoin-based paywall that would protect websites from cybersecurity attacks by requiring visitors to put down a deposit in Satoshi.<\/p>\n Saylor explained that users who want to access sensitive corporate websites would be required to deposit \u201c100,000 Satoshi\u201d to \u201cguarantee\u201d safe passage, which is returned instantly once the user has finished their visit.<\/p>\n It was noted this is something that credit cards cannot offer due to the time delays involved in getting funds back, stating:\u00a0<\/p>\n \u201cThe problem with credit cards is that you couldn\u2019t reasonably post $20 to 100 websites each day and then you get the $20 back in one second, could you?<\/p><\/blockquote>\n Saylor believes it is only a matter of time before someone creates the Lightning version of the \u201cNetscape browser,” which he believes will involve \u201csomething like\u201d a Lightning wallet that holds dollars and various cryptocurrencies.<\/p>\n He believes that if this wallet is created in a non-custodial way, it has the potential to spread to 100 million people.<\/p>\n During the Twitter spaces, Saylor again hailed the Lightning Network as the \u201cinternet of money\u201d and praised its \u201cinspirational\u201d progress. <\/p>\n He said the company has teams working on it and are looking to bring something out by \u201cnext year,\u201d adding that it\u2019s more likely it will be able to show something in the first quarter.<\/p>\n Related:<\/em><\/strong> <\/strong>Bitcoin Lightning Network to be used in fiat transfers between Europe and Africa<\/em><\/strong><\/a><\/p>\n In October, Michael Saylor retaliated against Eric Wall over his suggestion that Saylor has not made more than three lightning transactions in his life.<\/a><\/p>\n Most recently, the Lightning Address, a new type of BTC address was introduced<\/a>, allowing users to make transactions on the Lightning Network almost instantly, as opposed to the 10-minute average for regular Bitcoin transactions.<\/p>\n<\/div>\n