MicroStrategy announced a decentralized identification protocol for Bitcoin. Specifically, based on the#Ordinalsprotocol.
The initiative was introduced by MicroStrategy co-founder and executive chairman Michael Saylor during a presentation at the annual MicroStrategy World conference in Las Vegas.
Sailor showed MicroStrategy Orange's open-source decentralized identity protocol. At the same time,#MicroStrategypublished the MicroStrategy Orange project on Github.
This software will store and recall users' personal information using unspent transaction output (UTXO) on the Bitcoin blockchain.
Its key advantages are:
- moderate fee for the service;
- high degree of protection thanks to blockchain technology;
- minimal energy consumption.
Launch dates have not yet been announced. But what is already clear is that MicroStrategy will be one of the flagships of software development on Bitcoin.
While economist and well-known BTC critic Peter Schiff hates MicroStrategy and Saylor personally in his posts, calculating their possible (!) losses in the event of a possible (!) further fall in the price of#BTC- they continue to change the world, creating software of a qualitatively new level. And having billions of unrealized profits from their investments.