2024

Bitcoin

Orange

<h4><strong>Michael Saylor, Executive Chairman of MicroStrategy, alongside Cezary Raczko, Executive Vice President of Engineering, introduced MicroStrategy Orange. </strong></h4> 
<p>It is a decentralized identity protocol built on top of the Bitcoin network using the <a href="https://www.altcoinbuzz.io/?s=ordinals" target="_blank" rel="noopener">Ordinals Protocol</a>. Let’s explore more about this important news for Microstrategy.</p> 
<h5><strong>MicroStrategy Orange: Revolutionizing Digital Identity</strong></h5> 
<p>The platform, dubbed MicroStrategy Orange, is designed to offer robust digital identity solutions through a decentralized framework. This will boost greater security and privacy than traditional centralized identity providers.</p> 
<p>Cezary Raczko detailed the components of the new platform by saying: “The platform consists of three fundamental pieces,” he explained. At the core is a service cloud that allows organizations to issue digital identifiers to users. This feature is central to the functionality of MicroStrategy Orange, facilitating the creation and management of digital identities securely and efficiently.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">JUST IN: MicroStrategy launches an enterprise platform for building decentralized identity applications on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> — MicroStrategy Orange <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/P5PXz80kSD">pic.twitter.com/P5PXz80kSD</a></p> 
 <p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1785795672345583834?ref_src=twsrc%5Etfw">May 1, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Additionally, Raczko highlighted the platform’s ability to deploy prepackaged applications specifically designed to run on the MicroStrategy Orange infrastructure. These applications, referred to as “orange apps,” are tailored solutions addressing various digital identity challenges. This modular approach not only enhances the platform’s utility but also allows for rapid deployment and customization according to specific organizational needs.</p> 
<h5><strong>More About Microstrategy Orange</strong></h5> 
<p>The decision to build on the Ordinals Protocol is particularly noteworthy. This protocol, which operates on the Bitcoin network, is typically used to inscribe digital artifacts directly onto Bitcoin’s blockchain. By leveraging this technology, MicroStrategy Orange aims to utilize the robust security features of the Bitcoin network while supporting a scalable and decentralized <a href="https://www.altcoinbuzz.io/?s=digital+identity" target="_blank" rel="noopener">digital identity</a> framework.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">BREAKING: <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> the Executive Chairman of MicroStrategy just announced that <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw">@MicroStrategy</a> is building a decentralized identity protocol on top of the Ordinals Protocol <a href="https://t.co/f1VW5taZek">pic.twitter.com/f1VW5taZek</a></p> 
 <p>— Ord.io (@ord_io) <a href="https://twitter.com/ord_io/status/1785810858666320056?ref_src=twsrc%5Etfw">May 1, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This development could have far-reaching implications for digital identity verification across numerous industries, including finance, healthcare, and government services. By decentralizing identity verification, MicroStrategy Orange seeks to reduce fraud, enhance privacy, and streamline operations by removing the need for intermediaries and reducing points of vulnerability.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/microstrategy-debuts-id-platform-microstrategy-orange/">MicroStrategy Debuts ID Platform: MicroStrategy Orange</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

MicroStrategy Debuts ID Platform: MicroStrategy Orange

Altcoin Buzz

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