MicroStrategy's Decentralized Identity Solution Faces Criticism from Bitcoin Advocates

By: Eliza Bennet

MicroStrategy's newly announced plan of introducing a decentralized identity solution known as Orange, based on the Bitcoin network, has sparked controversy among Bitcoin proponents. The aim of this initiative aligns with MicroStrategy's transition into a Bitcoin-focused development company.

Michael Saylor,, the firm's chairman, envisions this identity solution as a global alternative to the commonly used blue or green checks. He imagines a universal standard set by a unique orange checkmark.

The Virginia-based tech giant, which holds 214,400 Bitcoin, now valued at roughly $12.4 billion, is now the largest public holder of this prime digital asset.

MicroStrategy's Orange leverages Ordinal-based inscriptions for efficient data storage and retrieval. It is open-source, carrying the capacity to handle up to 10,000 decentralized identifiers per Bitcoin transaction. Despite this, their choice of using Ordinal-based inscriptions has incurred criticism from core Bitcoin proponents who fear it could harm the Bitcoin network.