MicroStrategy Unveils ‘Orange’, a Bitcoin (BTC) Powered Decentralized ID System

• MicroStrategy, the largest corporate holder of Bitcoin, has launched a decentralized identity system named ‘MicroStrategy Orange’.
• The system utilizes the Bitcoin network’s security and decentralization features and can process up to 10,000 decentralized identifiers (DIDs) in a single transaction.
• MicroStrategy’s move into decentralized identity solutions represents a significant pivot in its business strategy, utilizing its substantial Bitcoin resources to innovate beyond mere cryptocurrency investment.

MicroStrategy launches a groundbreaking decentralized identity system, MicroStrategy Orange, leveraging the Bitcoin network’s robust security and decentralization features.

MicroStrategy’s Bold Move Into Bitcoin-Powered DIDs

MicroStrategy Orange is engineered to utilize the Bitcoin network’s robust security and decentralization features by incorporating a modified version of the Ordinals inscription method. This method involves embedding data within the Bitcoin blockchain’s transaction outputs. Unlike traditional blockchain-based identity solutions that depend on sidechains or auxiliary networks, Orange operates directly within the Bitcoin blockchain.

MicroStrategy Orange: A New Landscape for Digital Identity

“MicroStrategy Orange aims to redefine the landscape of digital identity by harnessing the untampered security and widespread recognition of the Bitcoin network,” stated Saylor. The system adheres to the latest standards set forth by the W3C’s Decentralized Identifiers (DID) specification, ensuring that the digital identities are trustless, tamper-proof, and have longevity, relying solely on the public Bitcoin blockchain for data retrieval and storage.

Technical Backbone of MicroStrategy Orange

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