Litentry Extends Decentralized Identity into the BTC ecosystem

Litentry
3 min readDec 25, 2023

Litentry plans to harness this innovation and introduce decentralized identity into it to spark a new wave in the BTC ecosystem.

Introduction

Decentralized identity within the Bitcoin ecosystem refers to the use of the Bitcoin blockchain to establish and manage digital identities in a decentralized and secure manner. Beyond its role as a cryptocurrency, Bitcoin’s underlying blockchain technology is ideal for various applications, including decentralized identity solutions.

To achieve this, Litentry aims to launch BRC20 on its brainchild product, IdentityHub by integrating with the Unisat wallet. This will help bring unprecedented digital credentials features to the BTC ecosystem, such as Ordinals NFT and Bitmap. This new development signifies the commitment of Litentry to the BTC ecosystem and the larger blockchain community, providing users with a richer, more secure, and innovative decentralized identity management experience.

A Glimpse into Ordinals NFT and Bitmap

Ordinals NFTs are non-fungible tokens inscribed directly onto the Bitcoin blockchain using the Taproot upgrade’s witness data. This transforms the Sat (Satoshi, a subunit of Bitcoin) into a novel asset category as each Satoshi can hold unique data, effectively becoming an NFT.

These Bitcoin NFTs can have data such as images, videos, texts, and more attached to an individual satoshi on the base Bitcoin blockchain. Unlike their predecessors, ordinal NFTs don’t exist on a separate layer from Bitcoin. Rather, they use an arbitrary but logical ordering system called ordinal theory to give each satoshi a unique number.

The Bitmap theory is an open-source standard that allows users to claim ownership of a Bitcoin block by inscribing it on a Sat. Bitmap reimagines the data in a Bitcoin block and offers a novel way to claim ownership of them. These blocks can represent metaverse districts and the transactions within a particular block represent parcels of the district.

Litentry Plan…

Litentry plans to harness this innovation and introduce decentralized identity into it to spark a new wave in the BTC ecosystem.

Ordinals NFTs have utility in the DID world since they can store verifiable credentials. These credentials can be issued by trusted entities and presented for verification without relying on intermediaries.

With BRC20 integration using Unisat wallet, Litentry empowers users to verify their assets through the IdentityHub using their Bitcoin addresses and gain corresponding leaderboard ranks. This is similar to employing your Bitcoin wallet to sign into a myriad of platforms with you being in control of your data opening up new possibilities for data-driven economies and personal data ownership.

About Litentry

Litentry is a privacy-preserving Identity Aggregation protocol that enables granular access to and control of data. Featuring a DID indexing protocol and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.

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