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MicroStrategy takes its BTC maximalism to the next level with new engineer hire

Mikhailev by Mikhailev
October 1, 2022
in Bitcoin
0
MicroStrategy takes its BTC maximalism to the next level with new engineer hire

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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 might be liable for constructing a Lightning Community-based platform to handle enterprise cybersecurity challenges and allow new e-commerce use circumstances, in keeping with a job posting linked to the MicroStrategy web site. Moreover “an adversarial mindset,” the applicant ought to have certificates, information of instruments and programming languages, and expertise with decentralized finance technologies.

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MicroStrategy, based in 1989, began a Bitcoin buying 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 around $3.98 billion for your complete 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 can 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 manager chair of the corporate. Saylor mentioned the change would:

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

Saylor and MicroStrategy were sued at the end of the same month for tax evasion by the workplace of the Washington, DC lawyer common.

Associated: How high transaction fees are being tackled in the blockchain ecosystem

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