SPEC NO LONGER MAINTAINED HERE
Moved to https://gl1.dcdpr.com/btcr
1. Introduction
did:btc1 is the secure, reliable bitcoin DID method. It uses bitcoin as a Verifiable Data Registry to store canonical status for a new type of DID.
did:btc1 is designed to be secure, flexible and resilient. It supports offline creation, aggregate and singleton DID updates, all without late publishing and without requiring public disclosure of DID documents.
Offline creation allows creating DIDs without interacting with the bitcoin blockchain.
Aggregated updates allow an arbitrary number of DID document updates to be combined by any agregator and posted to Bitcoin in a single transaction.
Directed updates means that resolving parties need only process transactions likely to contain updates for those DIDs of intereset.