Michael Saylor, founder of the MicroStrategy company and great defender of bitcoin, has just integrated his professional email address within the rebitcoin lightning bucket.
On his Twitter account, the former chief executive of MicroStrategy shared on April 17 a screenshot with his 3 million followers of some transactions sent to “[email protected]” by third parties in the form of Satoshis or “Sats”. As a reminder, the Satoshi represents the smallest unit of measurement of Bitcoin.
A Successful Bitcoin Lightning Network Integration
MicroStrategy could be integrated thanks to the protocol Lightning Address, through which users can associate an “Internet ID” such as an email address. They therefore do not need to copy wallet addresses or use QR codes.
However, it is still unclear whether MicroStrategy has used this protocol to integrate all company email addresses.
The Lightning Network is a popular solution bitcoin layer 2 scaler, which is capable of processing 1 million transactions per second (TPS) at a base fee of one Satoshi, or about four hundred.
Currently, Executive Chairman of MicroStrategy, Michael Saylor is the mastermind behind the investment strategy from MicroStrategy in bitcoin. This is intended to strengthen the company’s balance sheet.
Since beginning its bitcoin investment dating back to March 2021, MicroStrategy has accumulated 140,000 BTC with a total value of $4.17 billion. According to data from Buy Bitcoin Worldwide, the average purchase price realized by the company is $29,800.
Given the price of bitcoin which currently stands at $29,400, MicroStrategy is accusing a slight loss of 1.3% on its entire investment.
However, MicroStrategy was back in the green again last week for a brief time when bitcoin broke the $30,000 mark.
MicroStrategy has been contacted by Cointelegraph so that the company communicates on its plans toLightning Network integration to more company email addresses. Unfortunately, no response was provided immediately.
The Reasons for MicroStrategy’s Integration with Bitcoin’s Lightning Network
Several innovations are introduced on the cryptocurrency market. The goal of these many initiatives is to accelerate the overall adoption of digital assets.
Among these advancements is the Lightning Network, a massive distribution network that has already been adopted by several cryptocurrency companies, including Coinbase and Bitcoin.
The main advantage of the Lightning Network is its ability to support tiny transactions. It therefore makes it possible to transmit and receive modest sums of bitcoins.
Previously, transaction costs were so exorbitant that this was unthinkable. Thanks to the Lightning Networkusers can now use bitcoin to pay for digital goods such as items, movies, and music.
The scalability of the Lightning Network is its second asset. Indeed, the Lightning Network makes it possible to make thousands of payments per second. This allows users to perform a large number of transactions without the network becoming sluggish. You should know that this is a point that contributes to rapid and widespread acceptance of bitcoin as a common payment option.
It should also be noted that the introduction of fast international transactions has affected the entire bitcoin ecosystem. In fact, it contributed to the expansion of the use of crypty. Thus, more and more people are interested in bitcoin. Today, bitcoin is used by anyone who wants to send and receive payments quickly with minimal fees.