MicroStrategy: Bitcoin-Based Identity
Date: 2024-05-02 Author: Gabriel Deangelo Categories: BUSINESS
MicroStrategy announced the launch of the Orange project, which is a decentralized identification protocol based on Bitcoin technology. This innovative product promises to bring new standards in the field of personal identification.
Orange uses the Unspent Transaction Output (UTXO) feature to store and analyze user personal data. This allows for a high level of protection thanks to blockchain technology, minimal energy consumption and reasonable fees for the services provided.
MicroStrategy Mission
MicroStrategy founder Michael Saylor expressed confidence in the potential of Bitcoin technology to create a personal identification solution. He emphasized that the Bitcoin blockchain has unique advantages such as fault tolerance and advanced cryptography, which make it an ideal candidate for such innovations.
In addition to developing the Orange protocol, MicroStrategy continues to increase its Bitcoin holdings. In April 2024, the company purchased an additional 122 BTC worth $7.8 million, strengthening its position in the cryptocurrency world.
Prospects: The Path to World Recognition and Prosperity
MicroStrategy is committed to becoming a leading participant in creating a global standard for decentralized identity. Together with the purchase of Bitcoin and the development of an innovative product, the company continues its path to recognition and success in the cryptocurrency industry.
MicroStrategy is on pace to join the S&P 500, underscoring its commitment to integration and growth in the global economy. Together with new projects and the purchase of Bitcoin, the company continues to strengthen its position in the identification and cryptocurrency market.
