Share this article
MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals
MicroStrategy has already built one application using its service. "Orange For Outlook" integrates digital signatures into emails to enable recipients to verify the identity of the sender
Updated May 2, 2024, 3:24 p.m. Published May 2, 2024, 3:21 p.m.
Make us preferred on Google
- MicroStrategy Orange will provide "trustless, tamper-proof and long-lived" decentralized identities using the Bitcoin blockchain, founder Michael Saylor said.
- The company pitched itself as a "bitcoin development company" earlier this year, saying it would work on development of the Bitcoin network through financial markets, advocacy and innovation.
MicroStrategy (MSTR), the largest corporate holder of bitcoin, unveiled plans to develop a decentralized identity service using Ordinals inscriptions.
The software consulting firm began pitching itself as a "bitcoin development company" earlier this year, saying it would work on development of the Bitcoin network through financial markets, advocacy and innovation. "MicroStrategy Orange," as it has been called, is a sign the company is putting this aim into practice.
STORY CONTINUES BELOW
The goal of MicroStrategy Orange is to provide "trustless, tamper-proof and long-lived" decentralized identities using the Bitcoin blockchain, founder Michael Saylor said at the company's Bitcoin For Corporations conference on Wednesday.
The service allows users to issue decentralized identifiers (DIDs), which enable pseudonymity. Just as bitcoin transactions are not linked to real-world identities, neither will DIDs.
Orange harnesses Bitcoin's Ordinals Protocol, which allows for information to be stored and communicated on individual satoshis (the smallest increment of bitcoin , equal to 1/100,000,000th of a BTC).
MicroStrategy has already built one application using its service called "Orange For Outlook," which integrates digital signatures into emails to enable recipients to verify the identity of the sender.
MicroStrategy holds 214,400 BTC ($10 billion), which is more than 1% of the all the bitcoin will ever exist.
Read More: Ordinals Defy Bitcoin's Design Principles but Offer Miners Huge Post-Halving Advantages
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Ethereum Foundation makes post quantum security a top priority as new team forms
EF researcher Justin Drake says a new post-quantum team will drive wallet safety upgrades, research prizes and test networks as quantum timelines shorten.
What to know:
- The Ethereum Foundation has elevated post-quantum security to a top strategic priority, forming a dedicated Post Quantum team led by Thomas Coratger with support from leanVM cryptographer Emile.
- Researcher Justin Drake said Ethereum is shifting from background research to active engineering, including biweekly developer sessions on post-quantum transactions and multi-client post-quantum consensus test networks.
- The foundation is backing new cryptography with funding and outreach, launching two $1 million prizes, planning post-quantum community events and education, and stressing that blockchains must prepare early for quantum threats despite their long-term nature.
Top Stories
