Home » MicroStrategy Appoints New Engineer to Advance BTC Maximalism

MicroStrategy Appoints New Engineer to Advance BTC Maximalism

by Lisa Zheng
MicroStrategy Appoints New Engineer to Advance BTC Maximalism

To develop cybersecurity solutions and allow e-commerce use cases on the Lightning Network, the company that holds the most Bitcoin in the world is looking for a software engineer.

To develop a software-as-a-service platform based on the Lightning Network, MicroStrategy, the business intelligence and technology company that currently maintains the largest Bitcoin reserve in the world, is recruiting a Bitcoin Lightning software engineer.

According to a job description posted on the MicroStrategy website, the newly hired engineer will be in charge of developing a Lightning Network-based platform to handle business cybersecurity issues and enable new e-commerce use cases. In addition to an adversarial perspective, the applicant should have credentials, expertise in decentralized finance systems, and an understanding of tools and programming languages.

The 1989-founded company MicroStrategy started buying Bitcoin in August 2020, and as of this writing, it has a reserve of 130,000 BTC, which is currently worth $2.57 billion. On September 20, it was revealed that the final 301 BTC of its assets would be purchased for around $3.98 billion. Recently, the long-term profitability of bitcoin fell to a four-year low. Currently, MicroStrategy owns 0.62% of all Bitcoin that will ever be created.

Michael Saylor, a co-founder and former CEO of MicroStrategy, is well known for being a maximalist in Bitcoin and a supporter of digital currency. On August 2, Saylor submitted his resignation as CEO, however, he is still the executive chair of the firm.

The Washington, DC attorney general’s office filed a tax evasion lawsuit against Saylor and MicroStrategy at the month’s conclusion.

The Lightning Network is a layer-2 Bitcoin system created to increase transaction throughput and reduce fees. Since its launch in 2018, it has been making sluggish advancements in allowing peer-to-peer transactions.

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