So bizarre. The outage even affected my ability to transfer funds between e-cash accounts. Was wondering what was going on when I got a message saying my account "could not be found."
As was astutely pointed out by OP, decentralization certainly has its benefits; especially when it comes to something as crucial as personal finances. Perhaps we'll see BTC used in more P2P business transactions in light of yesterday's events.
Topic: Banks, Airlines, and Hospitals are all down today - page 2. (Read 343 times)
Bitcoin never takes a break. Its architecture prevents someone from faulting millions of nodes worldwide. It also resists bugs like the one CrowdStrike just made on Windows. And even if some Bitcoin developer were to accidentally introduce a bug into Core, nobody is obligated to run the latest version of it so it will not even bring down their node.
Bitcoin only takes a break if all Internet supplies and connections are down.The bottom line is not only a temporary break that is nearly impossible with decentralized Bitcoin network, but it's more important and worth to note that Bitcoin blockchain is stored in many Bitcoin nodes, especially full nodes, then prune nodes. It has a decentralized and more secure database storage rather than other things like the example, database can be lost if the data hosting service has problems.
With Bitcoin, nearly no temporary break except if there is global issue for electricity supply and Internet connection supply. Blockchain data is a most secure one on Earth.
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Free PR for crypto!
It's free PR for Bitcoin!Altcoins can stop by the founder, core developer or government.
This is exactly the reason that centralization and consolidation of our network infrastructure is not a good idea in the long run.
In my estimation, it only makes sense if all you care about is to save cost and make money, it's very bad for world wide computer systems.
In my estimation, it only makes sense if all you care about is to save cost and make money, it's very bad for world wide computer systems.
And not just the CrowdStrike incident.
I always happen to see people suffer due to outages in their banking systems where they are not able to transfer funds, pay bills or withdraw while the technical team is "working around the clock" to restore the system back to normal
Sometimes I feel pity for them, other times I don't because they just choose to be ignorant and stubborn towards adopting far much better options.
I always happen to see people suffer due to outages in their banking systems where they are not able to transfer funds, pay bills or withdraw while the technical team is "working around the clock" to restore the system back to normal
Sometimes I feel pity for them, other times I don't because they just choose to be ignorant and stubborn towards adopting far much better options.
...but not Bitcoin!
Bitcoin network is far advanced and different from the other centralized services which are being regulated by government, this is not their first time of failure in network, one thing that we have all been benefiting from bitcoin is a steady consistency, which we cannot have the assurance of both all the listed institutions listed from above, this is why we need to identify the importance of what bitcoin has come to serve us with in or a decentralized network, because if never for once had a network failure as with other systems and networks.
...but not Bitcoin!
https://techcrunch.com/2024/07/19/what-we-know-about-crowdstrikes-update-fail-thats-causing-global-outages-and-travel-chaos/
Bitcoin never takes a break. Its architecture prevents someone from faulting millions of nodes worldwide. It also resists bugs like the one CrowdStrike just made on Windows. And even if some Bitcoin developer were to accidentally introduce a bug into Core, nobody is obligated to run the latest version of it so it will not even bring down their node.
Free PR for crypto!
https://techcrunch.com/2024/07/19/what-we-know-about-crowdstrikes-update-fail-thats-causing-global-outages-and-travel-chaos/
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A faulty software update issued by security giant CrowdStrike has resulted in a massive overnight outage that’s affected Windows computers around the world, disrupting businesses, airports, train stations, banks, broadcasters and the healthcare sector.
CrowdStrike said the outage was not caused by a cyberattack, but was the result of a “defect” in a software update for its flagship security product, Falcon Sensor. The defect caused any Windows computers that Falcon is installed on to crash without fully loading.
“The issue has been identified, isolated and a fix has been deployed,” said CrowdStrike in a statement on Friday. Some businesses and organizations are beginning to recover, but many expect the outages to drag on into the weekend or next week given the complexity of the fix. CrowdStrike CEO George Kurtz told NBC News that it may take “some time for some systems that just automatically won’t recover.” In a later tweet, Kurtz apologized for the disruption.
CrowdStrike said the outage was not caused by a cyberattack, but was the result of a “defect” in a software update for its flagship security product, Falcon Sensor. The defect caused any Windows computers that Falcon is installed on to crash without fully loading.
“The issue has been identified, isolated and a fix has been deployed,” said CrowdStrike in a statement on Friday. Some businesses and organizations are beginning to recover, but many expect the outages to drag on into the weekend or next week given the complexity of the fix. CrowdStrike CEO George Kurtz told NBC News that it may take “some time for some systems that just automatically won’t recover.” In a later tweet, Kurtz apologized for the disruption.
Bitcoin never takes a break. Its architecture prevents someone from faulting millions of nodes worldwide. It also resists bugs like the one CrowdStrike just made on Windows. And even if some Bitcoin developer were to accidentally introduce a bug into Core, nobody is obligated to run the latest version of it so it will not even bring down their node.
Free PR for crypto!
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