Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.16T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.16T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
As of today, Microsoft has deployed v1 of the "ION" decentralized identity platform that the company spear-headed, on top of the Bitcoin network. At root ION provides "decentralized identifiers" - things like usernames, email addresses, or anything online that can be pointed to - in a way that doesn't rely on any third party, including Microsoft. ION accomplishes this by fundamentally anchoring the system to the Bitcoin blockchain, due to Bitcoin's unmatched neutrality and decentralization assurances.
Microsoft's release announcement explains:
We are excited to share that v1 of ION is complete and has been launched on Bitcoin mainnet. We have deployed an ION node to our production infrastructure and are working together with other companies and organizations to do so as well. ION does not rely on centralized entities, trusted validators, or special protocol tokens – ION answers to no one but you, the community. Because ION is an open, permissionless system, anyone can run an ION node, in fact the more nodes in operation, the stronger the network becomes
According to the release, ION has been in development for 4 years, with the first pre-release mention of it running on top of bitcoin occurring in 2019.
tldr