{"id":14304,"date":"2022-09-30T19:29:51","date_gmt":"2022-09-30T19:29:51","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/microstrategy-takes-its-btc-maximalism-to-the-next-level-with-new-engineer-hire\/"},"modified":"2022-09-30T19:29:53","modified_gmt":"2022-09-30T19:29:53","slug":"microstrategy-takes-its-btc-maximalism-to-the-next-level-with-new-engineer-hire","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/microstrategy-takes-its-btc-maximalism-to-the-next-level-with-new-engineer-hire\/","title":{"rendered":"MicroStrategy takes its BTC maximalism to the next level with new engineer hire"},"content":{"rendered":"

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MicroStrategy, the business intelligence and tech company that holds the world\u2019s largest Bitcoin (BTC) reserve, is hiring a Bitcoin Lightning software engineer to create a Lightning Network-based software-as-a-service platform.<\/p>\n

The new engineer will be responsible for building a Lightning Network-based platform to address enterprise cybersecurity challenges and enable new e-commerce use cases, according to a job posting linked to the MicroStrategy website. Besides \u201can adversarial mindset,\u201d the applicant should have certificates, knowledge of tools and programming languages, and experience with decentralized finance technologies.<\/p>\n

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MicroStrategy is looking to hire a Bitcoin Lightning Software Engineer to build a Lightning Network-based SaaS platform. #bitcoin<\/a> pic.twitter.com\/XFYrkIaFA9<\/a><\/p>\n

\u2014 Neil Jacobs (@NeilJacobs) September 30, 2022<\/a><\/p><\/blockquote>\n

MicroStrategy, founded in 1989, began a Bitcoin buying spree in August 2020 that has culminated in a reserve of 130,000 BTC, worth $2.57 billion at the time of writing. The purchase of the final 301 BTC of its holdings was announced on Sept. 20, paying around $3.98 billion for the entire reserve. Bitcoin profitability for long-term holders recently hit a four-year low. MicroStrategy now holds 0.62% of all the BTC that will ever exist. <\/p>\n

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\u00a0but remains the executive chair of the company. Saylor said the change would:<\/p>\n

\u201cEnable us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business.\u201d<\/p><\/blockquote>\n

Saylor and MicroStrategy were sued at the end of the same month for tax evasion by the office of the Washington, DC attorney general.<\/p>\n

Related: How high transaction fees are being tackled in the blockchain ecosystem<\/em><\/strong><\/p>\n

The Lightning Network is a Bitcoin layer-2 protocol designed to raise payment throughput and lower transaction fees. It has been making slow progress\u00a0in facilitating peer-to-peer transactions since it debuted in 2018.<\/p>\n