MicroStrategy Company is looking to hire a software engineer to build the Bitcoin lightning network infrastructure. The new hire will also design decentralized finance (DeFi) technologies.
A technology and business intelligence firm has announced that it is recruiting a software engineer who, if hired, will build a Lightning Network-based software-as-a-service (SaaS) platform. This is a Layer 2 scaling system for Bitcoin structured platforms to enhance transaction speed on the blockchain. The Layer 2 scaling solution was first conceived in 2015.
According to statistics, as of October 1, there are 17,203 nodes and 84,928 payment channels on the Bitcoin Lightning Network (LN). At press time, the LN capacity was 4,905.29 BTC, equivalent to $95.2 million at prevailing rates.
Users will therefore send or receive payments faster on the platform. The SaaS platform will be used for eCommerce purposes and to connect with enterprises looking for payment solutions. MicroStrategy executive Chen Wan said:
“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 e-commerce use-cases.”
Beyond leveraging the Bitcoin blockchain and Lightning Network to build software solutions and DeFi technologies, the prospective new hire will contribute to the Bitcoin Core codebase and other open-source cryptocurrency coding projects. According to MicroStrategy’s engineering job description, this would be a bonus.
Needed Is Someone With A Bachelor’s Degree In Computer Science
According to the job description, the new software engineer must have a Bachelor’s degree in computer science or a related field, and having a Master’s degree or Ph.D. in computer science or engineering would be an added advantage. The candidate must also have two years of experience building software.
Moreover, the job details that the candidate must have a “strong knowledge of data structures, algorithms, operating systems, distributed systems, and other foundational concepts in computer science.
As hinted by the criteria for selection, the planned MicroStrategy Bitcoin-based product could be an application designed for mobile and computers with eCommerce capabilities. Therefore, the platform must have high scalability scores and compatibility with cloud solutions and advanced Amazon Web Services (AWS).
The announcement came after the mobile software, cloud-based services, and business intelligence (BI) firm bought 301 Bitcoin (BTC) to hold on its balance sheet. According to the job listing published this week on the web portal smartrecruiters.com, the new hire will also be expected to develop DeFi technologies, a smart contract-related form of lending where brokers and intermediaries are eliminated.
MicroStrategy to leverage the Lightning Network
In 2020, the company deployed its Bitcoin strategy and acquired 130,000 BTC, equivalent to almost $2.45 billion. The move catapulted the company to a leading position globally among the most significant Bitcoin (BTC) holders.
MicroStrategy’s job advertisement is evidence of the company’s interest in enterprise applications of Lightning: enterprise Lightning wallet, enterprise Lightning servers, and enterprise authentication. The Virginia-based business intelligence and analytics company appreciates the value of Lightning in terms of Bitcoin scalability, reducing transaction cost to almost zero, and most importantly, the ethos of Bitcoin- moving very carefully but aggressively on the base layer while developing more functionality.