custodian

Microsoft recently announced that their ION v1 Decentralized Identity (DID) Layer 2 solution is now active on the Bitcoin mainnet. The DID technology enables identification of entities without relying on a centralized third party as the custodian of identifying information.

As more platforms for Bitcoin usage are built, retaining the decentralization of user identification is essential to maintaining Bitcoin’s original mission. Microsoft and other collaborators are attempting to do this, and they are experiencing some success.

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