Can We See Some (Bitcoin) ID please?
TL;DR
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MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized identification protocol on high of Bitcoin…
Full Story
Okay so, find it irresistible or hate it…
Issues being constructed on the Bitcoin community carry extra weight than another 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 subsequently, extra consideration) than another blockchain community on the market.”
So if a characteristic pops up on Bitcoin — by the numbers — it’s extra more likely to be adopted.
Now, with that in thoughts, think about this…
MicroStrategy, the corporate that owns 214,000 Bitcoins, is constructing a decentralized identification protocol on high of Bitcoin…
Translation: you’ll quickly have the ability to show your identification as soon as through the ‘MicroStrategy Orange Decentralized Id Protocol,’ then by no means have to point out ID on-line ever once more.
(That’s the thought at the very least).
On-line platforms will first want to begin accepting the Orange Id Protocol’s proof of ID as a regular…
Which is a tall activity!
However as we stated on the high, issues being constructed on the Bitcoin community carry extra weight than another chain.
Which implies the Orange ID Protocol has a head begin in opposition to the remainder…
And the thought of all our private information NOT being saved throughout a number of (probably weak) on-line databases?
That’s a reasonably cool idea.
