MicroStrategy takes its BTC maximalism to the subsequent stage with new engineer rent

by Jeremy

MicroStrategy, the enterprise intelligence and tech firm that holds the world’s largest Bitcoin (BTC) reserve, is hiring a Bitcoin Lightning software program engineer to create a Lightning Community-based software-as-a-service platform.

The brand new engineer will probably be answerable for constructing a Lightning Community-based platform to deal with enterprise cybersecurity challenges and allow new e-commerce use circumstances, in line with a job posting linked to the MicroStrategy web site. Apart from “an adversarial mindset,” the applicant ought to have certificates, information of instruments and programming languages, and expertise with decentralized finance applied sciences.

MicroStrategy, based in 1989, started a Bitcoin shopping for spree in August 2020 that has culminated in a reserve of 130,000 BTC, value $2.57 billion on the time of writing. The acquisition of the ultimate 301 BTC of its holdings was introduced on Sept. 20, paying round $3.98 billion for your entire reserve. Bitcoin profitability for long-term holders not too long ago hit a four-year low. MicroStrategy now holds 0.62% of all of the BTC that may ever exist.

MicroStrategy co-founder and former CEO Michael Saylor is well-known as a Bitcoin maximalist and defender of the cryptocurrency. Saylor resigned as CEO on Aug. 2 however stays the chief chair of the corporate. Saylor stated the change would:

“Allow us to higher pursue our two company methods of buying and holding Bitcoin and rising our enterprise analytics software program enterprise.”

Saylor and MicroStrategy had been sued on the finish of the identical month for tax evasion by the workplace of the Washington, DC lawyer common.

Associated: How excessive transaction charges are being tackled within the blockchain ecosystem

The Lightning Community is a Bitcoin layer-2 protocol designed to boost fee throughput and decrease transaction charges. It has been making sluggish progress in facilitating peer-to-peer transactions because it debuted in 2018.