Saylor says Bitcoin’s Lightning Network most important technology in the world right now Saylor says Bitcoin’s Lightning Network most important technology in the world right now
Michael Saylor announced that MicroStrategy is working on an inhouse Lightning Network solution that will onboard over 10 million consumers.
1 min read
Updated: May. 25, 2023 at 2:13 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin Maximalist Michale Saylor argued that Bitcoin’s Lightning Network is the most important development going on in the world of technology.
Saylor made the comment during his talk at a bitcoin-only conference, where he also announced that Microstrategy is at the early stage of developing its Lightning network infrastructure.
He argued that Lightning will help scale BTC for billions of customers at a fraction of the cost and allow developers to build highly scalable dApps.
Saylor said:
‘The ethos of bitcoin is to go very carefully and not move fast on the base layer without the universal consensus, but in Lightning, you can move much more aggressively developing functionality and take more risks with the applications than you can with the underlying Bitcoin layer.
He added that MicroStrategy is developing a suite of Lightning solutions. The firm’s R&D team is working on enterprise Lightening wallet, enterprise Lightning servers, and enterprise authentication.
Saylor said MicroStrategy’s leap into developing Lightning infrastructure will help bring Bitcoin adoption to over 10 million customers. He anticipates that the solution will allow firms to “roll out Lightning to a hundred thousand employed every day.”
Saylor going all out to push Bitcoin adoption
Saylor recently chose to step down as MicroStrategy’s CEO and take over a newly created Executive Chairman role so he could focus more on bitcoin-related initiatives.
“As Executive Chairman I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives”
Being a vocal Bitcoin maximalist, Saylor recently slammed everything that isn’t Bitcoin. He argued that altcoins are unregistered securities that should be regulated, to detach them from weighing down on Bitcoin’s price.
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Author 
Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
MicroStrategy
MicroStrategy (Nasdaq: MSTR) is a worldwide leader in enterprise analytics and mobility software.
Michael Saylor is the Executive Chairman, founder, and principal shareholder of MicroStrategy.
