MicroStrategy, the business intelligence and technology company with the largest bitcoin (BTC) reserves in the world, is hiring a Bitcoin Lightning software engineer to build a software-as-a-service platform based on the Lightning Network.
According to a job posting attached to MicroStrategy, the new engineer will be responsible for building a Lightning Network-based platform to address corporate cybersecurity challenges and enable new e-commerce uses. In addition to “adversarial thinking”, the applicant must have certifications, knowledge of tools, programming languages and experience with decentralized economic methods.
MicroStrategy, founded in 1989, began actively buying bitcoin in August 2020, resulting in a reserve of 130,000 BTC, worth $2.57 billion at the time of writing. The latest purchase of the assets for 301 BTC was announced on September 20, resulting in the payout of around $3.98 billion for the entire reserve. Bitcoin profitability for holders of long-term contracts recently hit a four-year low. MicroStrategy now owns 0.62% of all BTC that will ever exist.
Michael Saylor, co-founder and former CEO of MicroStrategy, is known as a leading proponent of bitcoin and cryptocurrencies. Saylor stepped down as CEO on August 2, but remains the company’s CEO. Sailor said this change:
“This allows us to better pursue our corporate strategy to acquire and hold bitcoin and grow our analytics software business.”
Later that month, the Washington District Attorney’s Office sued Saylor and MicroStrategy for tax evasion.
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The Lightning Network is a Layer 2 Bitcoin protocol designed to increase payment throughput and reduce transaction fees. Since its inception in 2018, it has made slow progress in facilitating peer-to-peer transactions.