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  • Blockchain Timeline

Microstrategy announces Orange a decentralized ID on the Bitcoin network

Michael Saylor unveiled a decentralized identity system at the annual Microstrategy World conference on May 1st.

The DID:BTC system uses a midified version of Ordinals inscriptions introduced in January 2023. Microstrategy will use an individual Satoshi, the smallest denomination of Bitcoin, to inscribe identity and verification information.

Other data like images or documents will be stored elsewhere without hitting size or content restrictions. The firm did not disclose when the Orange protocol would come online.


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