MicroStrategy Introduces Innovative Orange Protocol for Decentralized Identity Management
Thursday, 2 May 2024, 04:01
MicroStrategy Enters Decentralized Identity Arena with Bitcoin-powered Protocol
MicroStrategy, a US-based business intelligence and software company, has introduced a new decentralized identification protocol named Orange. This innovative protocol was unveiled at the annual MicroStrategy World event in Las Vegas on May 1.
Unique Features of Orange Protocol
- Orange uses inscriptions on the Bitcoin blockchain for data storage
- Segregated Witness (SegWit) is utilized for enhanced functionality
- Orange provides more control over decentralized identities, reducing transaction fees
MicroStrategy’s Orange protocol offers a cutting-edge solution for decentralized identity management backed by Bitcoin's robust technology.
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