Updated on January 9, 2023 12:50 PM
MicroStrategy, a provider of cloud software, has posted a new job vacancy for a Bitcoin Lightning Network engineer.
Though it may have stagnated as a result of the general market downturn, Microstrategy is placing a significant wager on Lightning Network.
The Virginia-based software company is looking for an engineer for Lightning Network-based products. MicroStrategy is well known for spending significant amounts of company cash and debt financing to buy Bitcoin (BTC).
When MicroStrategy initially invested $250 million in Bitcoin in 2020, it marked the beginning of a buying binge.
A few weeks ago, the second layer scaling solution's enterprise applications were announced by the tech company's co-founder and former CEO, Michael Saylor, which is now a vacancy.
Saylor remarked,“MicroStrategy has got some R&D projects going on right now where we’re working on enterprise applications of Lightning: enterprise Lightning wallet, enterprise Lightning servers, enterprise authentication.”
This occurred soon after Michael Saylor, the company's former CEO, resigned.
The company, according to its job description, is looking for an experienced software engineer for a new platform that will be created to provide businesses with "creative solutions to cyber-security concerns and enabling new e-commerce use cases."
The new hire will be entrusted with developing software applications using the Lightning Network, Bitcoin Blockchain, and other decentralized finance technologies. The other target areas include making contributions to Bitcoin Core, lnd, and other significant open source and crypto projects.
Since entering the market in 2020, MicroStrategy, one of the biggest BTC holders, has so far acquired 130,000 coins.
“As a Bitcoin Lightning Software Engineer at MicroStrategy, you will build a Lightning Network-based SaaS platform, providing enterprises with innovative solutions to cyber-security challenges and enabling new eCommerce use-cases,” reads the vacancy announcement.
Lightning, according to Saylor, is "the most important thing going on in the world of technology," and the business intelligence company is looking for solutions that would let companies "roll out Lightning to a hundred thousand employees every day" or "open Lightning wallets for 10 million customers overnight.
Saylor left his position as CEO of MicroStrategy in August to concentrate on the company's Bitcoin activities.
Michael Sayler, the former CEO of MicroStrategy who left his position in August, stated earlier this month at the Baltic Honeybadger conference in Riga that the company's developers are working on solutions that would allow for the onboarding of numerous individuals onto the Lightning Network.