Software company MicroStrategy may be expanding its adoption of Bitcoin. Today, the company posted a job posting for a Bitcoin Lightning Software Engineer hinting at a new project based on the cryptocurrency.
In 2020, MicroStrategy drew attention as it became one of the first US publicly traded companies to add Bitcoin to its treasury strategy. Now, the company is looking for an expert in the second layer payment solution based on the BTC blockchain, “Lightning Network” to build a product.
According to the job, the company looks like someone with experience building a Lightening Network-based Software as a Service (SaaS) platform. This product appears to improve security and provide the following use cases for an enterprise:
As a Bitcoin Lightning Software Engineer at MicroStrategy, you will build a SaaS platform based on the Lightning Network, providing companies with innovative solutions to cybersecurity challenges and enabling new e-commerce use cases.
MicroStrategy takes Bitcoin from the Treasury to new use cases
Candidates interested in the position in the software company must have at least a master’s degree in Computer Science and Engineering with a minimum of 2 years of experience in building software. In addition, candidates must be familiar with the major operating systems and mobile platforms.
In that regard, the new MicroStrategy Bitcoin-based product could be an application built for mobile and desktop with e-commerce capabilities, as the job description states. This platform must be “highly scalable” and compatible with advanced Amazon Web Services (AWS) and cloud solutions.
Thus, it can be assumed 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 revealed any information about this or any other upcoming products.
Bitcoin Lightning, the key to success?
The founder and current president of MicroStrategy, Michael Saylor, has praised the Lightning Network for its ability to be more scalable and support new use cases, calling it one of the most important technology products in the world.
Speaking at the Baltic Honeybadger Conference in Latvia, Saylor hinted at his company’s research and development (R&D) initiatives to leverage the Lightning Network. During the event, Saylor said:
MicroStrategy has a few R&D projects going on right now where we’re working on enterprise Lightning applications: Enterprise Lightning Wallet, Enterprise Lightning Servers, Enterprise Authentication. The advantage of Lightning is not only that you could increase bitcoin for billions of people or increase the transaction cost to almost nothing, but also, the ethos of bitcoin is to be very careful and not move quickly to the base layer without the universal. consensus, but in Lightning, you can move much more aggressively developing functionality and take more risks (…).
As reported by Bitcoinist, the Lightning Network has seen an explosion of adoption and capacity. The second-layer solution went from supporting less than 1,000 BTC in 2021 to doubling that amount in just the first few months of that year.
As some experts argue, this product could allow Bitcoin to bridge the gap between early adopters and new adopters, ultimately establishing a strong foothold in the mainstream. At the time of writing, BTC price is trading at $19,700 with a 1% gain in the last 24 hours.