TL;DR
MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized id protocol on high of Bitcoin…
Full Story
Okay so, like it or hate it…
Issues being constructed on the Bitcoin community carry extra weight than some other chain.
And earlier than you throw any accusations round:
This isn’t coming from a spot of bias – extra from a spot of “the Bitcoin community has extra worth (and due to this fact, extra consideration) than some other blockchain community on the market.”
So if a characteristic pops up on Bitcoin — by the numbers — it’s extra prone to be adopted.
Now, with that in thoughts, think about this…
MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized id protocol on high of Bitcoin…
Translation: you’ll quickly have the ability to show your id as soon as by way of the ‘MicroStrategy Orange Decentralized Identification Protocol,’ then by no means have to indicate ID on-line ever once more.
(That’s the concept at the least).
On-line platforms will first want to begin accepting the Orange Identification Protocol’s proof of ID as a typical…
Which is a tall activity!
However as we stated on the high, issues being constructed on the Bitcoin community carry extra weight than some other chain.
Which suggests the Orange ID Protocol has a head begin towards the remaining…
And the concept of all our private information NOT being saved throughout a number of (doubtlessly susceptible) on-line databases?
That’s a reasonably cool idea.
