In a Twitter Spaces chat on Wednesday, Michael Saylor outlined how Microstrategy can contribute to the Bitcoin and Lightning ecosystem.
In 2023, MicroStrategy will unveil software solutions and applications that utilise the Bitcoin Lightning Network. In a recent Twitter Spaces event, the company’s executive chairman, Michael Saylor, discussed their plans to not only hold and purchase BTC, but also to contribute to the Bitcoin ecosystem through their software offerings.
As MicroStrategy expands into the world of Bitcoin, it will use its existing expertise to provide businesses with tools for the Bitcoin and Lightning network.
How does the Lightning Network work?
The Lightning Network is a way to make payments using Bitcoin without having to record each transaction on the blockchain. When two users want to open a payment channel, they put a certain amount of Bitcoin into a smart contract on the blockchain.
They can then make as many transactions as they want within the channel. When th
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