Microsoft ION Digital Identity Network Now Operational on Bitcoin Mainnet

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Market Snapshot

As of March 26th, the cryptocurrency market shows positive momentum with broad gains across major coins:

Top performers on OKEx platform:

  1. RSR (+9.57%)
  2. JST (+8.70%)
  3. SUN (+8.33%)

BTC Contract Data


Industry Insights

1. CBDC Global Rules Proposal by Mu Changchun

The People’s Bank of China’s Digital Currency Institute Director proposed interoperable CBDC monitoring frameworks at a BIS seminar. Key highlights:

👉 Explore decentralized finance innovations

2. Microsoft ION Goes Live on Bitcoin Mainnet

Microsoft’s decentralized identity team launched ION v.1, a Layer 2 DID network leveraging Bitcoin’s blockchain for digital authentication (non-payment use case).

3. LEGO’s NFT Teaser Sparks Speculation

A now-deleted tweet with #NFT hinted at potential digital collectibles, featuring a glitch-effect 3D brick animation. Analysts suggest a "digital LEGO currency" may be underway.

4. Digital Yuan to Coexist with Alipay/WeChat Pay

China’s central bank confirmed that its CBDC will complement existing payment giants without replacing them.


FAQs

Q: How does ION differ from Lightning Network?
A: While both are Layer 2 solutions, ION focuses on identity authentication instead of payments.

Q: Will CBDCs replace private payment apps?
A: No—China’s digital yuan is designed to operate alongside Alipay and WeChat Pay.

Q: What’s the significance of LEGO’s NFT tweet?
A: It signals potential entry into the NFT space, possibly for digital collectibles or blockchain-based toys.


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