Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Software company MicroStrategy might be expanding its adoption of Bitcoin. Earlier today, the company published a listed job offering for a Bitcoin Lightning Software Engineer hinting at a new project based on the cryptocurrency.
In 2020, MicroStrategy attracted attention as it became one of the first U.S. publicly traded companies to add Bitcoin to its treasury strategy. Now, the company is seeking an expert on the second layer payment solution based on the BTC blockchain, “Lightning Network” to build a product.
According to the job post, the company seems someone with the experience to build a Lightening Network-based Software as a Service (SaaS) platform. This product seems at improving security and providing the following use cases for a company:
As a Bitcoin Lightning Software Engineer at MicroStrategy, you will build a Lightning Network-based SaaS platform, providing enterprises with innovative solutions to cyber-security challenges and enabling new eCommerce use-cases.
MicroStrategy Takes Bitcoin From Treasury To New Use Cases
Candidates with interest in filling the position at the software company must have at least a master’s degree in Computer Science and Engineering with a minimum of 2 years of experience building software. In addition, candidates must be familiar with the most important operating system and mobile platforms.
In that sense, the new MicroStrategy Bitcoin-based product might be an application built for mobile and computers with eCommerce capabilities, as hinted by the job description. This platform must be “highly scalable”, and compatible with cloud solutions, and advanced Amazon Web Services (AWS).
Thus, it is possible to assume that the new MicroStrategy Bitcoin product will be compatible with its second layer solution and with other cryptocurrencies, such as a crypto wallet. However, the software company has not disclosed any information on this or any other upcoming product.
Bitcoin Lightning, The Key To It Success?
The founder and current Chairman of MicroStrategy, Michael Saylor, has praised the Lightning Network for its capacity to be more scalable and support new use cases, calling it one of the most important technological products in the world.
Speaking at the Baltic Honeybadger Conference in Latvia, Saylor hinted at Research and Development (R&D) initiatives made by his company to leverage the Lightning Network. During the event, Saylor said:
MicroStrategy has got some R&D projects going on right now where we’re working on enterprise applications of Lightning: enterprise Lightning wallet, enterprise Lightning servers, enterprise authentication. The advantage of Lightning is not just that you could scale up bitcoin for billions of people, or drive the transaction cost to nearly nothing, but also, the ethos of bitcoin is to go very carefully and not move fast on the base layer without the universal consensus, but in Lightning, you can move much more aggressively developing functionality and take more risks (…).
As Bitcoinist reported, the Lightning Network has seen an explosion in adoption and capacity. The second layer solution went from supporting less than 1,000 BTC in 2021, to double that amount in the first months of that year alone.
Source: Arcane Research
As some experts argue, this product might allow Bitcoin to breach the gap between early adopters and new users finally setting a strong foothold in the mainstream. At the time of writing, BTC’s price trades at $19,700 with a 1% profit in the last 24 hours.
BTC’s price moves higher on the daily chart and approaches resistance levels. Source: BTCUSDT Tradingview
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.