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.