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- New platform for supplying businesses with e-commerce solutions
- Both MicroStrategy and Saylor are still big fans of Bitcoin
- In just two years, the Lightning Network has expanded by 120%
For a project to build a Lightning Network-based Software as a Service (SaaS) platform, the position is looking for an experienced software developer.
According to the announcement, the new platform will be developed with the intention of providing businesses with innovative solutions to cyber-security challenges and enabling new e-commerce use cases.
The applicant ought to have previous experience developing software solutions for BTC, Lightning, or decentralized finance (DeFi).The vacancy stated that experience with cloud solutions and large open source crypto projects are advantageous.
LBTC Price at the time of writing – $0.4037
Bitcoin’s layer-2 solution, the Lightning Network (LN), offers users faster and cheaper transactions.
The move demonstrates the company’s commitment to Bitcoin in light of the resignation of one of the asset’s most vocal advocates, former CEO Michael Saylor. Saylor and MS are still big on BTC.
Saylor recently criticized what he called misinformation and propaganda regarding the alleged environmental impact and energy consumption of the Bitcoin network.
The Bitcoin advocate continues to Tweet about the assets’ properties, which have been highlighted even further by recent fiat currency collapses and the ensuing banking bunkum.
He claimed that metrics now indicate that almost 60% of energy for BTC mining comes from sustainable sources and that energy efficiency improved by 46% year over year.
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Lightning Network growth plateaus
Growth in the Lightning Network has slowed down somewhat in 2022 as a result of a wider market slowdown and an extended crypto winter.
Having said that, it has not gone down, and it has maintained the highs that it first reached earlier this year.
Bitcoin Visuals claims that there are approximately 85,000 active channels on the network.Over the past two years, this has increased by more than 120 percent.
After increasing by a similar percentage over the previous 24 months, the number of nodes has also stabilized around 17,000.
The current capacity of the network is approximately $93 million, having decreased in tandem with the price of Bitcoin from its all-time high of $214 million.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
