MicroStrategy Shares Plans to Launch a Bitcoin-Based Identity Solution

MicroStrategy has announced its plan to launch a decentralized identity solution on the Bitcoin network. This solution, called MicroStrategy Orange, will use Ordinal-based inscriptions to store and retrieve information.

Chairman Michael Saylor unveiled this solution during the company’s Bitcoin For Corporations conference on May 1.

MicroStrategy Orange is an open-source solution that does not rely on sidechains and can process up to 10,000 decentralized identifiers in a single Bitcoin transaction.

According to an unofficial draft document shared by MicroStrategy on GitHub, the main goal of this solution is to offer decentralized identities that are trustless, tamper-proof, and long-lived.

These decentralized identifiers (DIDs) will allow for pseudonymity, similar to how real-world identities are not linked to Bitcoin addresses and transactions.