MicroStrategy, generally known as the biggest company holder of bitcoin, has introduced its intention to develop a decentralized id service using Ordinals inscriptions.
Earlier this yr, the software program consulting agency rebranded itself as a “bitcoin growth firm,” emphasizing its dedication to advancing the Bitcoin community by varied means akin to monetary markets, advocacy, and innovation. The disclosing of “MicroStrategy Orange” signifies the corporate’s dedication to realizing this goal.
MicroStrategy Orange goals to supply decentralized identities which can be “trustless, tamper-proof, and long-lived,” in keeping with founder Michael Saylor. The service will allow customers to problem decentralized identifiers (DIDs), guaranteeing pseudonymity just like bitcoin transactions, which aren’t straight linked to real-world identities.
Leveraging Bitcoin’s Ordinals Protocol, MicroStrategy Orange permits the storage and communication of knowledge on particular person satoshis, the smallest unit of bitcoin.
MicroStrategy has already developed an software referred to as “Orange For Outlook” utilizing its decentralized id service. This software integrates digital signatures into emails, permitting recipients to confirm the id of the sender securely.
At present, MicroStrategy holds a considerable quantity of bitcoin, totaling 214,400 BTC, which quantities to roughly $10 billion. This constitutes greater than 1% of the full bitcoin provide that may ever exist.
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