Re: Introducing the Bitcoin Ordinals DID Method

Brian,

I really like this. I remember the did:btcr method, which was one of the 
first DID methods ever, and I always thought a method based only on 
Bitcoin could be very useful for certain use cases where you don't need 
a lot of DIDs.

Yes, this approach is neither cheap nor scalable, but it's probably much 
more reliable than many other DID methods.

did:btcr used TxRefs and OP_RETURN operations, whereas if I understand 
correctly did:btco uses ordinals and inscriptions.

I don't really know anything about ordinals and inscriptions. :)
How many Bitcoin transactions would you actually have to write, and how 
much would that cost, for let's say a "typical" DID document with one 
verification method and one service endpoint?

Anyway, very interesting.

Markus

Received on Wednesday, 3 May 2023 16:38:33 UTC