2 weeks ago 2 mins read

MicroStrategy unveils ‘Orange,’ a Bitcoin-driven ID system, boosting digital security

MicroStrategy has developed a new decentralized identity system called ‘MicroStrategy Orange’. During the ‘Bitcoin For Corporations’ conference on May 1, executive chairman Michael Saylor made the announcement. This method involves directly incorporating data into Bitcoin’s transaction outputs via a unique kind of Ordinals inscription, as opposed to existing identifying methods that rely on networks or sidechains. Saylor said that Orange has the capacity to process a maximum of 10,000 decentralized identifiers (DIDs) each transaction, demonstrating its potential for large-scale operations. A preliminary iteration of MicroStrategy Orange on GitHub fulfills the specifications outlined by the W3C for Decentralized Identifiers (DID). These