UpdatesSep 07, 2022

The Lightning Network could revolutionize the world

MicroStrategy's bitcoin scaling technology could be the most important system in the world

Lightning Network is a layer 2 payment protocol designed to advance the bitcoin network. The architecture of this system is based on providing users of the bitcoin blockchain with fast transactions between participating nodes. This system was developed and implemented to be used as a solution to the Bitcoin scalability problem.

MicroStrategy co-founder Michael Saylor recently announced that his company is working on an in-house Lightning Network solution that will reach over 10 million consumers. He also noted that the Lightning Network may in the near future become the most important technology in the world.

The Lightning Network is the direction the world will follow

Michael Saylor announced that MicroStrategy is in the early stages of developing its Lightning network infrastructure. He announced that Lightning is a revolutionary technology of the future that will help scale BTC to billions of customers at a fraction of the current cost and allow software engineers to build highly scalable dApps running on the bitcoin blockchain.

-The ethos of Bitcoin is to go very carefully and for safety reasons not to move quickly on the base layer, but in Lightning technology you can move much more aggressively developing functionality and take more risks with applications than on the Bitcoin base layer, said Saylor .

MicroStrategy's research and development team is currently intensifying its efforts to build a product portfolio that will include the Lightening enterprise wallet and Lightning enterprise servers. The company represented by Saylor is also focused on implementing Lightening technology to solve authentication problems for enterprises.

Saylor said MicroStrategy's current leap into the Lightning infrastructure development will help bring Bitcoin adoption to over 10 million customers. In his speech, he also added that this solution will allow companies to "bring Lightning to one hundred thousand employees every day."