TL; DR
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MicroStrategy, the company that owns 214,000 Bitcoins, is building a decentralized identity protocol on top of Bitcoin…
Full story
Okay, love it or hate it…
Things built on the Bitcoin network outweigh any other chain.
And before you throw accusations around:
This doesn’t come from bias – more from a place of “the Bitcoin network has more value (and therefore more attention) than any other blockchain network out there.”
So when a feature appears on Bitcoin – by the numbers – it is more likely to be adopted.
Now, with that in mind, consider this…
MicroStrategy, the company that owns 214,000 Bitcoins, is building a decentralized identity protocol on top of Bitcoin…
Translation: You will soon be able to prove your identity once via the ‘MicroStrategy Orange Decentralized Identity Protocol’, so you never have to show your ID online again.
(At least that’s the idea).
Online platforms will first have to accept the Orange Identity Protocol ID as standard…
That’s quite a job!
But as we said at the top, the things built on the Bitcoin network outweigh any other chain.
Which means that the Orange ID Protocol has an edge over the rest…
And the idea that all our personal information is NOT stored in multiple (potentially vulnerable) online databases?
That’s a pretty cool concept.
