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Microsoft is developing a Bitcoin-based decentralized identity system that aims to significantly improve privacy, security, and control while achieving tens-of-thousands of operations per second. Credentials, in the new identity system, will be wholly owned and controlled by the user. Microsoft’s New ID Network on the Bitcoin Blockchain For over a year, Microsoft had been experimenting with various blockchain technologies to create a new type of system for digital identities that will enhance privacy, security, andRead MoreThe post Microsoft Picks Bitcoin to Create a New Identity System appeared first on Bitcoinist.com.