MicroStrategy Unveils Bitcoin-based Decentralized Identity Protocol With Ordinals-inspired Technique

Discover the latest innovation from MicroStrategy! They have revealed MicroStrategy Orange – a decentralized identity solution built on the Bitcoin blockchain. This groundbreaking protocol leverages a Bitcoin Inscription DID method, setting a new standard for managing Decentralized Identifiers (DIDs) using Unspent Transaction Outputs (UTXOs). Michael Saylor, the visionary co-founder and executive chairman of the company, introduced this revolutionary concept at the Bitcoin For Corporations conference on May 1.

Delve into the details of the Bitcoin Inscription DID method (did:btc) designed to store and retrieve DID information exclusively on the Bitcoin blockchain. This cutting-edge solution promises greater extensibility and verbosity for creating DID documents while optimizing fees and block space. Explore the comprehensive draft specification on the MicroStrategy GitHub for further insights.

What sets MicroStrategy Orange apart is its commitment to open-source development without resorting to sidechains. This innovative system can process up to 10,000 DIDs in a single Bitcoin transaction, making it a game-changer for organizations and individuals seeking secure and pseudonymous online identity management.

Uncover the vision of trustless, tamper-proof, and long-lived decentralized identities offered by MicroStrategy Orange. By utilizing the public Bitcoin blockchain as a primary data source, this method ensures full compatibility with the [DID-CORE] specification and potential future extensions. Dive deeper into the detailed document outlining this forward-looking approach.

MicroStrategy Orange introduces a suite of transformative tools, including the Orange Service for issuing DIDs, the Orange SDK for developers, and innovative applications like “Orange For Outlook” for enhanced email security.

Join the seamless onboarding process starting with an organization’s invitation, followed by DID creation, and final inscription on the immutable Bitcoin blockchain. This guarantees permanent and tamper-proof data management, ensuring the highest level of security for your digital identity.

MicroStrategy Executive Vice President of Engineering, Cezary Raczko, envisions a future where DIDs on Bitcoin seamlessly integrate into a broader verifiable credential ecosystem. Imagine a world where users can verify credentials across various platforms without relying on a central authority, thanks to the unalterable information stored on the Bitcoin blockchain.

Unlock the potential of DIDs for enhancing user privacy and security on social media platforms and beyond. MicroStrategy Orange paves the way for a user-controlled, decentralized approach to issuing and verifying credentials, opening up new possibilities for secure and reliable online interactions.

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