MicroStrategy Introduces Groundbreaking Decentralized Identity Solution on Bitcoin Network
MicroStrategy's New Decentralized Identity Solution
MicroStrategy has introduced 'MicroStrategy Orange' as a decentralized identity solution operating on the Bitcoin network, enhancing data storage and communication.
Utilizing Ordinal-based Inscriptions
The service leverages Ordinal-based inscriptions to create decentralized identifiers (DIDs) for trustless and tamper-proof decentralized identities.
Market Responses and Criticisms
While facing criticism for its inefficiency, the project has been praised by supporters for extending Bitcoin's functionality beyond speculative uses like NFTs.
MSTR Stock Analysis
Amidst significant volatility, MSTR stock prices have shown a bearish sentiment, despite positive long-term price targets.
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