MicroStrategy’s Lightning Network solutions include satoshi incentives for website marketing and cybersecurity.
MicroStrategy executive chairman Michael Saylor shared his company’s plans to release software solutions based on the Bitcoin Lightning Network in 2023.
In a Dec. 28 Twitter Spaces event, Saylor said the company is working on solutions that integrate Lightning Network, such as solutions that “support” corporate marketing and a cybersecurity for corporate websites.
The Lightning Network is a second-level payment protocol that overlays the Bitcoin blockchain and allows for off-chain transactions, increasing payment speed and reducing transaction fees.
MicroStrategy, a business intelligence and technology company known for its large holdings in Bitcoin, has been looking to bolster its Lightning Network team, recently announcing plans to hire a software engineer to develop a software-as-a-service platform based on the Lightning Network.
During the conversation on Twitter Spaces, Saylor illustrated that marketers could potentially use the Lightning Network to incentivize customers, such as by handing out satoshi rewards for activities like posting positive reviews or completing surveys.
The company also wants to make it possible for any enterprise to “spin up” Lightning infrastructure in an “afternoon,” it said.
The MicroStrategy president again hinted at his “Lightning wall” cybersecurity idea, essentially a Bitcoin-based paywall that would protect websites from cybersecurity attacks by requiring visitors to pay a deposit in satoshis.
Saylor explained that users wanting to access sensitive corporate websites would have to deposit “100,000 satoshis” to “guarantee” secure access, which would be returned instantly once the user finished the visit.