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MicroStrategy Plans to Launch Decentralized ID Solution: Report

Published 03/05/2024, 03:50
Updated 03/05/2024, 05:10
© Reuters.  MicroStrategy Plans to Launch Decentralized ID Solution: Report
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Benzinga - by The Block, Benzinga Contributor.

MicroStrategy (NASDAQ: MSTR) plans to launch a bitcoin-based decentralized identity protocol. The solution, called MicroStrategy Orange, stores and calls users' personal information, using unspent transaction output (UTXO) on the Bitcoin (CRYPTO: BTC) blockchain, a bitcoin influencer said Wednesday in an X post. The Virginia-based company's solution is designed to enable decentralized ID services for a reduced-rate fee while minimizing energy-guzzling block consumption

Read the full story at The Block.

Read the original article on Benzinga

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