A Bitcoin community KOL named “Dylan LeClair” posted on Wednesday (1st) that MicroStrategy, a US-listed company holding a large amount of Bitcoin, plans to launch a decentralized identity protocol based on Bitcoin. LeClair learned about this news from a live business demonstration and also stated that the solution called “MicroStrategy Orange” intends to store and retrieve users’ personal information using Unspent Transaction Outputs (UTXO) on the Bitcoin blockchain. The protocol aims to provide decentralized ID services at lower costs while minimizing the energy consumption of block consumption. It is currently unclear when MicroStrategy will launch this project. MicroStrategy did not immediately respond to a request for comment from The Block. Source:
