Cryptocurrency Analysis and News Portal
A radical new framework for how to authenticate online identities just went live on the Bitcoin network.Microsoft’s Decentralized Identity team has launched the ION Decentralized Identifier (DID) network on the Bitcoin mainnet. This network is a layer 2 technology similar to Lightning except that instead of focusing on payments it
Read More
The ION network uses Bitcoin Layer 2 solution to verify digital identities in a decentralized manner without relying on any third-party control. The ION nodes can process 10,000 ID requests in a single transaction.On Thursday, March 25, tech giant Microsoft Corp (NASDAQ: MSFT) announced the completion of its Digital Identity
Read More
In May 2019, Microsoft sketched up a plan for an open-source, decentralized, and blockchain-agnostic identification system called Identity Overlay Network (ION). As per a June 10, 2020 release, the ION public beta will launch on the Bitcoin mainnet. Microsoft has said this is a major milestone as they march towards a
Read More