Coinspeaker
MicroStrategy Pitches for Bitcoin-based Decentralized ID Solution Dubbed MicroStrategy Orange

Michael Saylor’s MicroStrategy, the world’s largest corporate holder of Bitcoins, recently announced its plans to launch a decentralized identity solution on the Bitcoin blockchain network. This solution will leverage Ordinal-based inscriptions in order to store and retrieve information.

Dubbed MicroStrategy Orange, the company’s executive chairman Michael Saylor unveiled this solution on Wednesday, May 1, at the Bitcoin For Corporations conference. Saylor also stated that MicroStrategy Orange will be an open-source solution capable of processing up to 10,000 decentralized identifiers without depending on any sidechains.

As per an unofficial draft document on GitHub, MicroStrategy Orange aims to “deliver trustless, tamper-proof, and long-lived decentralized identities using only the public Bitcoin blockchain as a data source”. Decentralized identifiers (DIDs) will enable pseudonymity, akin to how real-world identities are not directly linked to Bitcoin addresses and transactions. Speaking on the development, MicroStrateg...