MicroStrategy to Launch Bitcoin-Based Decentralized Identity Solution

MicroStrategy unveiled plans to launch MicroStrategy Orange, an enterprise-grade decentralized identity protocol built on Bitcoin, according to co-founder and executive chairman Michael Saylor, who presented it at the MicroStrategy World conference in Las Vegas. The platform would use inscriptions in witness data to store and manage decentralized identifiers (DIDs), with user DIDs and public keys inscribed on the Bitcoin network. Saylor said MicroStrategy Orange would be able to process 10,000 DIDs in a single Bitcoin transaction. MicroStrategy also published an unofficial draft of the technical specifications on GitHub.