Unlocking Bitcoin’s Potential: An In-Depth Look at MicroStrategy Orange’s Decentralized ID (BTC)

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MicroStrategy has announced the development of a Bitcoin-based decentralized identity (DID) system, MicroStrategy Orange. The system aims to provide immutable, decentralized identities, allowing individuals to control and verify their identity without relying on a central authority. Despite its potential applications, the proposal has received mixed reactions from the crypto community due to its technical complexity.

MicroStrategy Announces the Development of a Bitcoin-Based Decentralized Identity System, MicroStrategy Orange, Aiming to Provide Immutable, Decentralized Identities. However, the Proposal Has Sparked Mixed Reactions from the Crypto Community.

Introducing MicroStrategy Orange

MicroStrategy Orange is a Bitcoin-based decentralized identity (DID) system introduced by MicroStrategy co-founder and Executive Chairman Michael Saylor, and Executive VP of Engineering Cezary Raczko. The system aims to provide immutable, decentralized identities, offering individuals a way to control and verify their identity without relying on a central authority.

Real-Life Applications of Orange

MicroStrategy Orange and decentralized identifiers on Bitcoin could be used to verify users on social media applications, authenticate text messages or medical records. For instance, a social media app could verify a user’s DID on the Bitcoin blockchain and display an “orange check” to other users. Similarly, a medical record’s metadata could be stored on Bitcoin and used to authenticate its owner and ensure it hasn’t been modified.

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